So his argument is, it is okay that we send a lot of our money overseas to purchase products, because those foreign companies use that money to purchase ownership in US companies?
RE: So his argument is, it is okay that we send a lot of our money overseas to purchase products, because those foreign companies use that money to purchase ownership in US companies?
If I understand him, that is PART of his argument. His response to that would then be — What’s wrong with foreign businessmen and investors owning American companies? Don’t Americans do the same when they buy stocks in Toyota, or Alibaba if not directly, via International Mutual Funds?
And his next rhetorical question would be this — would foreign investors be so stupid as to allow American companies whose stocks that own to do badly so that they lose money?
His point, if I understand him is this -— investors are investors regardless of whether they are Americans or Asians or Canadians. They have a vested interest in seeing the companies that they own DO WELL. How is that a bad thing?