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Friday, March 10, 2006

Required Reading

The WSJ has an excellent editorial about the Dubai port deal and foreign investment in the U.S.

Money quote:

What's especially dangerous here is that we're seeing the re-emergence of the "national security" protectionists. They were last seen in the late 1980s, when Japan in particular was the target of a political foreign-investment panic. The Japanese were buying Pebble Beach and Rockefeller Center, and so America was soon going to be a colony of Tokyo. A Japanese bid for Fairchild Semiconductor of Silicon Valley was seen as a threat to American defense. Those fears seem laughable now. But here we go again, with new targets of anxiety.


The article has a point but the bottom line is no foriegn country should be in control of our ports, period.

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