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We steel don’t like Johnny Foreigner 

Earlier this year, it was the Dubai Ports’ deal which got all concerned about Johnny Foreigner coming in and controlling , and was cited. The usually embracing Democrats, who have criticized the of being insular, were among the critics of a -based company gaining control over American .
   It’s the kind of anti- behaviour one would expect from the . And the French have delivered.
   While many can understand American hesitation—ports can be strategic in a sense, and it doesn’t take an active imagination to see why—the French idea of ‘strategic’ includes casinos. According to YaleGlobal Online, that’s one of the industries the French seek protection over.
   Right now, the French are upset that an firm, , may buy up , controlled by French and Luxembourgeois interests. And Arcelor has sought help from a Russian company, , to which it has ceded a third of its shares.
   I get the awful feeling the colour of the CEO’s is what has been unpalatable to opponents. Why else would Severstal be OK? Is -led globalization preferable to Indian-led globalization? Is Russian not more dangerous than Indian ?
   And types may be rather miffed to know that the ports Dubai Ports World controlled were turned over to .
   Meanwhile, French companies go all over the world buying up assets—many of the associate with domestic food production are French, such as Eta, Griffin’s and Just Juice. has a controlling stake in Nissan. owns .
   Things are harder to swallow for some western interests when once-abused countries play the globalization game—one that has played for so long, not always particularly well when it came to the welfare of the host nations’ citizens.
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Entries from 2006 to the end of 2009 were done on the Blogger service. As of January 1, 2010, this blog has shifted to a Wordpress installation, with the latest posts here.
   With Blogger ceasing to support FTP publishing on May 1, I have decided to turn these older pages in to an archive, so you will no longer be able to enter comments. However, you can comment on entries posted after January 1, 2010.

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