Folks,
This recent row in the US over the buying of P&O by the UAE government has got me thinking. What is the big deal? So a Saudi-Lite company owns ports in the US. So what? Singapore owns three ports there and so does China, so why shouldn't the US's model free market capitalism allow the Emirs a share of the action?
It is not like the US does not do business with the Arabs. If it wasn't for them the US would still be a backwater militarist regime forced to eat bullets for lunch. Oil made the US rich and the Arabs were and are the ones who continue to sell them that.
So why is it that the US can put up bases in the Middle East but a Dubai company cannot own ports in the US? The people of the US started to shout that suddenly the ports will be hotbeds of terrorism. Please! It was a white guy who owned the Dulles Airport and the WTC (well a white Jew in any case) and the terrorists got through anyway. If they want to hit ya, they'll hit ya, regardless of whether your ports are owned by Dubai, Hong Kong or Timbuktu.
Something like this happened in the EU a month or so back. When Mittal Steel wanted to buy Arcelor, the EU raised a ruckus. Was it because the deal was a bad one? Was Lakshmi Mittal intending to fire every Arcelor employee? Was he threatening to bring the company down to its knees? No. The only reason they objected was they couldn't stand the concept of an INDIAN (not even by citizenship but by race: Mittal steel is actually based in Rotterdam, Holland; an EU country but Lakshmi Mittal is an ethnic Indian) owning Europe's largest steel mills. If this same offer was by Arcelor on Bharat Steel, the EU bastards would have blessed it richly. OF course the Brusselsprouts did not say it in such terms. They simply felt it would "create a monopoly situation". Right. Like that has actually worried them in the past when dealing with other countries. Now I am against a few greasy bastards controlling the world as much as the next guy and I am against any one company controlling the reins of a vital resource like steel, but since when has this become an issue for EU? French companies own majority stakes in Indian firms, so do the Dutch and Germans. So why can't it be vice versa?
All this just bings to the surface what was known for years; the white man is the most racist fuck around and only he can profit from pain. He spouts the virtues of the free market when the cause serves him and suddenly becomes protectionist when there is a threat of a non-white starting to dictate terms. When developing countries rightly exercise tariffs and quotas to protect their fledgling companies in the world market these guys get all up in arms but when these companies become ecocomic powerhouses, suddenly the free market is abandoned and these guys get all worked up over "workers' rights" and oligopoly watches. Worthless bastards, the lot of them.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment