Coca-Cola (USA) Inc.
Back in the day, some in the "Western world" (especially the USA) could poke fun at all these silly foreign practices of making Western businesses form a partnership with a local company. Even if the subsidiary was wholly owned by Coca-Cola, for example, it was still required to register as a corporation in Ghana, and have a Ghanaian board of directors.
I assume that soon Dubai Ports World (USA) Inc. will open shop (or whatever the "unnamed company" turns out to be called; I propose "Baseball and Apple Pie Ports World (USA) Inc."). When this happens, no one will laugh anymore at the silly anti-free trade locals, because they will be us.
I am so proud of my congress.
posted by John Schaefer @ 9:55 AM
3 Comments:
Dubai is still involved in "Baseball and Apple Pie Ports World." Just under a different name.
Yahya, if you figure out why congress reacted the way they did, please fill us in. I'm trying to understand this from some kind of polarized political position, but I'm not making sense of it.
AW: Well of course it is...they bought it, didn't they? That's what happens: you put something up for sale, someone buys it, the new owners get to call it what they want to.
Or do we want the gubmt telling us we can't sell our own (privately held) ports?
CJ: They did because Americans saw some Arab name on a country, along with the words "buying ports" in the same paragraph, and they freaked out.
Republican representatives (who are trying like mad to distance themselves from George's 35 percent approval rating before November) took advantage of that freaking out. George got with his family friends (the Emirati billionaires) and they worked something out, because even though he's a lame duck, he still wants a Republican congress.
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