Are you still driving your 1975 car? Probably not. Three decades of technological change have made it obsolete. But the U.S. government is still using a 30-year old system for vetting foreign acquisitions of U.S. assets. The slipshod handling of the Dubai ports takeover shows convincingly that today's dramatic geopolitical and economic changes have made that process obsolete as well. When the Committee on Foreign Investment in the United States (CFIUS) was created in 1975, America was still a net lender to the world. Because the nation had avoided big international trade and investment deficits, dollars were much scarcer abroad...