So the Wall Street Journal this morning and other papers are focusing on the potential Allcatel-Lucent merger that has been in the news for the past week. And once again, there is talk about foreign ownership of an American company. Never mind that most Americans don’t know what Lucent does, builds or sells: Democrats and some short-sighted Republicans are again sounding the alarm à la Dick Gephardt in his heyday.
Tom Friedman’s “Flat Earth” book gets things mostly right when it comes to globalized trade. It doesn’t matter where a company is based nowadays. When it comes to national security and national defense, yes, special steps must be taken and national interest must be given higher priority.
All of this, though, including the Lucent deal, reminds us that the Dubai World Ports deal is still an ongoing operation. There are still people in Washington working furiously to make sure something comes of it. Shouldn’t the media being looking into this? Perhaps asking who’s still involved, and what they are doing?More later.
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