It also may have emboldened China. Weeks after permission was granted by Washington, Beijing claimed the airspace over some contested islands in the East China Sea as “a defense identification zone.” Chinese saber rattling forced the Pentagon to dispatch two unarmed B-52 bombers to fly in the airspace to send a message to China that it was overstepping its bounds.
China’s ambitions are multi-pronged and the Smithfield Foods transaction is another questionable invasion by Beijing. Currently, American authorities only evaluate foreign takeovers on the basis of national-security issues or shareholder rights and securities laws. But these criteria are inadequate.
A fairer test in the case of Smithfield, and future buyout attempts by China, should also require reciprocity: Only corporations from countries that allow Americans to buy large companies should be allowed to buy large American companies.
That’s not the case with China, Middle Eastern sheikhs or Russians. Critics of reciprocity label this as protectionism. It’s not. It’s protectiveness.
Here’s why.
33 comments:
So they can shut our economy down when they want .
This sale took place years ago. We loved Smithfield products but never bought them again after that sell out. Sales such as these are heralded by the left and fall right into their plan of globalization.
its called capitalism and this country sold its soul for money back in the late 1970s when BOTH parties allowed outsourcing and corporate buy outs....
Our food supply chain and natural resources (water and air quality, for instance) are national security. When will the taking of rural communities and our food supply stop?!
“We” aren’t letting China buy the companies.
The Companies are selling to the highest bidder (I assume). That is China.
China has a LOT of US Dollars to invest in something with value. They have had enough of no interest US Bonds.
I visited Food Lion and in their meat department were plenty of Smithfield hams BUT very few in the refrigerated are next to them..I guess customers got the word OWNED by China...shame
"WE" didn't let China buy Smithfield, Obama did in 2013 and I haven't had a morsel since.
Why is NO ONE even batting an eyelash to all the big oil enormous expansion worldwide?? They have doubled down on producing plastics (this being their biggest growth predictions) and don't even bring up the overwhelming production of paper products. Where are all the tree hugging liberal piss ants now?? Nobody is crying about global warming anymore. United States is full of dumbed down weak ass people that have willingly given over this country to globalization
Sun says " You can win war without firing a shot by controlling fools supply lines". So says Sun. It's working.
Moon says you can control everyone by having fake wars. Team up with Illuminati Families in other Countries, have a fake war, kill a bunch of Goyim, and become rich as the devil.
I personally will no longer buy Smithville hams. I was unaware that it was owned by China. I am ready to do some reach now.
"WE" the people didnt allow it, the corrupt congress and democrat administration done that and many many things that allowed china to get their hands around our necks. The ONLY way to change it and fight back is to vote them ALL OUT!!! Lets take our country back!
Democrats are behind it , getting paid off !!!!
China has also bought many of our Politicians in Washington.
Why wasnt tbis publicized nationally? I do not recall ever hearing about this.
Smithfield hit a bad stretch a few years back; a Chinese group was high bidder, perhaps the only one. Hogs still grown here and they have to comply with US labor laws. Don't know if much product is exported to China before or after the sale. US firms could certainly have purchased them.
Chrysler was bought by Mercedes and is now part of FIAT. Firestone now owned by Bridgestone. Business is dynamic; shifts back and forth.
The exception would be national security interests, We should be cautious there.
"done that".....where are you from
air quality is a natural resource????
stop using your smartphone too
The US needs to follow Australia’s lead and kick the Chinese foreign nationals out of our country. Also, no ownership in US Companies or US land! America first, Trump was right all along.
Why do you ALWAYS name call? Idiot, Stupid. You would be a more enjoyable read and more would engage in your conversation if you weren't so condescending.
Because sir (611) you are a moron. Now you will sit there outraged about something you just admitted you have no clue about
557 including Trump and many in the GOP. Just check out the background on Bob Kraft's madam
China is trying to put us out of business.
This is why we need a civil war.
The people In the U.S. are lazy, that's way they own it an a lot more, Were have you people been.
Budweiser is not an American owned beer company either.
Smithfield
Sears Tower
Pebble Beach Golf Club
USA Debt
This didn't happen yesterday Rip Van Winkles.
I will personally not buy China Hams. Noticed Food Lion has them. There are other American products.
That is hilarious!
Really? All that's going on and your going to cry about grammar. People like you are the ones ya know. Go outside and do real things instead of playing with words. Your hanging participle is showing.
Everywhere has it. Sometimes labeled differed as all product are. Smithfield is the largest pork producer followed by Tyson
CASH talks B.S. walks!!!
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