Re: [semi OT] Gateway: From PC powerhouse to buyout bargain

Yep, let's tar and feather members of BOTH parties for looking out for their own
self interests and not those of the country at large or the citizenry. Whatever
happened to "government of the people, by the people and for the people"? We
live in an oligarchy masquerading as a democratic (small D) from of
government... Ben Myers

On Tue, 28 Aug 2007 20:11:07 -0500, "S.Lewis" <stew1960@xxxxxxxx> wrote:


"Ben Myers" <ben_myers_spam_me_not@xxxxxxxxxxx> wrote in message
news:4ug8d35675hn3f9ig32khbhojggr6avm4p@xxxxxxxxxx
Notice a trend here? Continually increasing ownership of one-time US
companies
by foreign interests. Lenovo and Acer are two from the computer sector.
Also
there is Hitachi's ownership of the venerable IBM disk drive operation.
My
bank, Citizens Bank, is now owned by the Royal Bank of Scotland.
Halliburton's
move of HQ to Dubai makes one wonder who its major stockholders are. The
ever
weaker US dollar compared to other currencies is surely a partial
explanation
for the selling off of US businesses, with the dollar weakened by the
government's enormous deficit spending and the lop-sided balance of
payments in
foreign trade.

In this whole business pretending to be globalization, there continues to
be
one-way thinking about ownership. The US is almost wide-open vis a vis
ownership by foreign interests, the exception being ownership of a
business with
national security issues (in theory). But on the other side, there are
either
explicit (e.g. Chinese laws) or implicit (e.g. Japanese cultural) barriers
to
ownership of businesses by foreign entities.

Of course, the inherent weakness of the US economic, educational, and
cultural
millieu to truly understand and become involved in business in other
countries
may be a factor, too.

But I do not want to turn this into a political discussion. I only want
to
cite the painfully obvious facts and a few implications.

But, hey, can anyone articulate a coherent economic policy for this
country
beyond the two words "laissez faire"?... Ben Myers


<snip>


It's damned sad is what it is - at least to me.

.

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