The irony in this Herald Tribune article about fears of overseas funds buying up America, is undeniable. For a country that has played big brother pretty unabashedly for the longest time, it is naturally distressing to have other countries usurp that role. If not anything, the new order will take some getting used. The story reads quite a bit like a Michael Moore diatribe minus the histrionics. The scenarios being considered are :
...what would happen if China took over a U.S. pharmaceutical company and pressed for changes in prescription drug programs. Likewise, what would the reaction be if an Arab government demanded a bailout or tax break for its company in return for supporting peace talks in Iraq or Israel?'
You have to wonder if this "buyout" of America will generate the kind of backlash outsourcing of manufacturing and technology services jobs have. The only difference is the blame cannot be shifted to a nameless, faceless foreign workers in a third world country who work for really cheap because they do not aspire for a first world lifestyle.
Maybe the buyout has already taken place only the effects have not percolated down to where it becomes self evident even to the average person who depends on CNN and Fox News to tell them what is going on in their world and what they should be worried about.
crossings as in traversals, contradictions, counterpoints of the heart though often not..
Subscribe to my Substack: Signals in the Noise
Subscribe to:
Post Comments (Atom)
Finding Passion
I have long believed that the advice about finding your passion (and the rest will magically follow) is too simplistic and does not work for...
-
An expat desi friend and I were discussing what it means to return to India when you have cobbled together a life in a foreign country no ma...
-
Recently a desi dude who is more acquaintance less friend called to check in on me. Those who have read this blog before might know that suc...
-
Published in Serenelight Shiv is fond of saying that he is left where magic realism meets Haiku and remembers having mentioned this to Joie...
No comments:
Post a Comment