Eric wrote:
"The "proposal" by me wasn't that
the US Gov. keep foreign investors out, but to not sell American interests to
foreign investors unless they set of HQ in the States. That their in would
protect the American interest, which would be to "shore up" and protect the
American People, and the standard of living. However, all foreign investors
will always be allowed, with little if any "restrictions" outside of the
standard tax procedure, to sell their goods in the states. But my point, and
final stand, is that companies that have been created in the states like
Chrysler, GM. Ford, Mcdonalds, KFC shouldn't be allowed to be bought out by a
foreign investor and be allowed to have the seat of power and profit taken
outside of the American border. To me, this is the base of our
infrastructure, without that we become susceptible to out side sources more so
than if it is intact."
This proposal is an execeptionally dangerous concept. The current
direction the world is taking is a "free" world market: no tariff's, mandatory
foreign owner regulations, etc. If the US were to engage in this
protectionist direction, other countries would be forced to follow suit and we
suddenly find ourselves with the 50's revisited. Japan is currently like this
and they are now paying the price for their lack of flexibility. Did you know
that foreign companies aren't allowed (in Japan) to "own" anything in the
country? This is why US companies don't really invest in Japanese ones: it's
almost always the other way around.
The ultimate reason for open markets is a simple theory (the same one that
founded this country): The country that will do the best is the one that can
make the highest quality products for the least amount of money: ie Free
Market Economy. I entirely support this view. Old dinosaur corporations that
refuse to change and produce quality products will be doomed to die, and good
riddance. The US is #1 in technology, service, and capability. This gives us
a major edge in all those fields. If we let it wash away, fine, it's our
failure. Let's get real, let's get competitve, let's change this country into
the preeminent example of how to run business and keep the population happy.
It can be done, it just requires vigilence from our corporations and people,
and a willingness to moderate our own lifestyles in such a way that we don't
need to strangle our companies just so we can make more than we produce.
Shaun H.
This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 12:09:56 EDT