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Omnibus Trade and Competitiveness Act of 1988

The key word is "competitiveness." The very fact that the UAE company is "state owned" should rule it out from doing business in our country. We are supposed to have free competition in our system, something that cannot exist when governments own businesses. The merging of the roles of government and business is illegitimate in our political and economic system. Free enterprise and competition are seen as necessary to maintain not only our economic freedoms but our political and civil liberties as well. We have absolutely no interest as a free and self-governing people in rewarding and encouraging the business model of this UAE "firm" -- government ownership -- that has more in common with mercantilism than with free market principles.

It seems to me that the lack of discussion of this subject indicates that either our elected officials and media elites do not understand the requirements for maintaining a free and competitive economy as well as our individual freedoms or they have already given up on it. I am beginning to wonder if the brave new globalist world we are being marched toward by our elites will consist of ceding our rights to self-government to autocratic government/corporations and international mega-businesses around the world whose purposes extend only to gaining and maintaining power and to profit and who are not accountable to anyone.

Some Information. China (state owned) leases some port terminals in Long Beach, CA and that was approved by Clinton. Second, the other bidder in the P&O deal was PSA. Who is PSA. Sea2Sea has done some extensive research on the subject, so read on. PSA is also State Owned.

What sets DP World apart from other foreign companies controlling terminals at U.S. ports is that DP World is state owned. According to Carroll, the only other state-owned shipping company to have leased a U.S. port terminal is the Singaporean company Neptune Orient Lines.

So who is NOL? According to their website...

The NOL Group was publicly listed in 1981 and is the largest shipping and transportation company on the Singapore Stock Exchange (SGX). NOL currently has 1,454 million shares on issue and is a component stock of major local indices including the Straits Times Index, DBS 50 and the MSCI Singapore Free Index.

Temasek Holdings - the investment arm of the Singapore Government - is the largest single shareholder with 68%.

Hummmmm... Temasek Holdings. Now there's a familiar name that rings bells. Temasek Holdings owns 100% of the shares in PSA Int'l, per their website. Let's see... 100% of ownership of PSA by "the investment arm of the Singapore Government", who ALSO own controlling interest in a ports operations company already with leases in US ports.

I do believe that this revelation brings us back full circle. What P&O obviously had was a bidding war between two companies - both gov't owned ports operations management businesses. The only apparent difference being that one is Asian (Singapore) owned... but less obviously at a quick glance... and the other overtly, in-your-face Arab (UAE) owned.

http://sea2sea.blogspot.com/2006/02/po-options-only-other-bidder-also-govt.html