Quote:
Originally posted by Memnoch:
The question is: why aren't there any US companies able to do this work of managing the ports? Is it because they're not competitive enough compared to the Brits and UAEers?
|
The answer is there very well may be US companies able to do it. Or, maybe it is being done by US companies that are owned by international conglomerates of numerous companies, such as DP World.
The reason you get this wacky foreign ownership is that (1) there are very rich people in developing areas of the world looking to make solid investments and (2) the developed world not only provides solid investments, but they're always looking to sell and borrow. In other words, we are rich in jobs/economy, but always low on funds and looking to sell or take loans. On the other hand, Dubai basically floats on oil, and is flush with cash. So, they come looking to buy up our companies and invest that cash. This is the way of the world.