David Boaz on the congressional opposition to Inbev's proposed acquisition of Anheuser-Busch:
Maybe the real concern is that an “iconic” American brand will be owned by foreigners. Anheuser-Busch is indeed a classic piece of Americana, a company founded by German immigrants in a city founded by Frenchmen and named for the French king. And now, in an increasingly globalized world, it might be owned by a Belgian company that has been controlled by Brazilians since a 2005 merger. This sort of globalization is increasingly common. As Robert Reich said as far back as 1991, “It’s very hard to separate out any longer who is us and who is them. If you want to buy an American-made car today, you have a better chance buying an American-made car if you buy a Honda than if you buy a Pontiac LeMans, most of which is produced outside of the United States. People forget or they don’t understand the extent to which globalization has taken over these corporations — foreigners coming here, we’re going there. Chrysler owns a big chunk of Mitsubishi, Ford owns 25 percent of Mazda.”
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