Half-price Stars and Stripes?
A recent article entitled “America for Sale” caught my attention this morning. Why?
Just a few days ago, I was writing an article about Virginia’s new initiative, VITAL (Virginia International Trade Alliance), which essentially creates a network of companies committed to luring foreign investments into the commonwealth and marketing it globally. And this is a goal of numerous states, of course–branding, trading, and investing overseas. A no-brainer, right?
Well, I didn’t think of it until I read the “America for Sale” article, but suppose a state is too successful at attracting foreign investors and shareholders. At what point does an American business become an unAmerican business? Does it matter where a corporation’s origin is if its investors use a different language and currency? Do we have national safeguards to prevent an overload of foreign investment? If not, shouldn’t we?