Suppose a Chinese company or businessman buys an American company .... what does he do with it?
Does he give it to the Chinese government?
Is the technology or knowhow gone from America?
Are the American workers going to lose their jobs?
VOLVO is now owned by a Chinese company, what did it do for Sweden’s economy? Were there mass layoffs?
IBM sold Lenovo to a Chinese company, was this bad for the US economy?
These are questions we have to answer. It could be that none of our worst fears are realized at all.
The bottom line is this — Is that Chinese businessman so dumb that he is going to buy an American company for any other purpose than to make money? And if the American company makes money ( albeit under Chinese ownership), can anyone explain to me why that is a bad thing?
Most Chinese companies are still state owned. So chances are, the Chinese business man was simply working on behalf of the Chinese government all along.
Yes, frequently the technology and know how does leave America. And along with it all of the related products and jobs.
Only about 50% of our working age people are employed now. And many of them are underemployed, working part time or at jobs that require less skills than they have to offer.