Dubai & Dubya
So, the US House of Representatives has put the kybosh on a Dubai company buying a British company which is fun – I have not doubt that legions of m’learned friends will be delighted to examine the various issues of legal jurisdiction that this throws up, at £1,500 an hour ….each. However, opinion polls have shown an overwhelming majority of Americans think the White House is wrong to back the deal, sentiments echoed by Jerry Lewis (the singer?), a California Republican (is there such a thing?) before the vote
"We want to make sure that the security of our ports is in America's hands"
Clearly a case of, despite our lousy teeth, stout bulldogs good; towel ‘eads bad. However, before your humble correspondent delves into the murky waters of his own position on this, I would like to look a little closer at some of the opposition to the deal & lets start with Congressman Peter King who has a lot of first hand personal experience of dealing with terrorists …
King, you will recall, was for many years Sinn Fein IRA's most brazen mouthpiece in Washington. Only after 9/11, when the reality of terror was brought into America's living room, did he start to moderate his views on Irish nationalist [terrorist] outrages ... Now, with the IRA a busted flush in all but the most embittered Irish-American circles, King has switched the focus of his concern to a wholly different kind of threat….
Among others that are trying to deprive the M&A departments of certain investment banks their bonuses is another Republican congressman, Duncan Hunter, who believes that Dubai "cannot be trusted" because it operates a "bazaar for terrorist nations"
.
Interesting that even one of the Bolshevik Broadcasting Corporation correspondents commented that
80pc of Dubai's 1.5m inhabitants are expatriates. But having been there several times, I'd be happy to bet the country's security forces know a lot more about its foreign workers than Britain does about the 500,000-plus illegal immigrants living here.
I am sure that it isn’t just me that thinks that this has a lot more to do with the re-emergence of protectionism than it has to do with homeland security – rather in the mould the extradition treaty farce that we are currently all so enjoying. When American companies are buying up the rest of the world, free markets are fine & dandy. Now that position is reversing, the protectionists are in the ascendancy & this is the gravest follies with severe implications for us all.
Turn the clock back a few years to the Cold War. That was won not because NATO possessed better air superiority fighters: it was won because the western democracies with there open markets produced better products more efficiently. Hence, whilst our jet jockeys might have been flown the latest bit of kit, society & markets produced an environment that was more appealing to human nature. More communists ultimately wanted BMWs than stockbrokers wanting to live like good party members. And this in the end is how we will win the War against Terror.
Our current battle of ideologies wont be won by soldiers on the streets of Kabul or Bagdhad – it will be won by Walt Disney, wide screen TVs, air conditioning units & microwave ovens, decent housing & shelves full of fresh food. In a war of ideas, the corrosive nature of concepts like freedom of speech, democracy & a decent standard of living that will ensure the einseig. In Europe, this process took a thousand years, in the Middle East & Asia it will take a lot less time, such ultimately is the power of the internet & MTV.
By closing markets to Muslim countries that embrace the free movement of capital, we are sending out a dangerous message to all of those who would fight us – even if you want to join our club, you can’t. Then watch the expediential growth of our problems – this is just what the mad mullahs want so that they can’t justify their message of hatred.
As for Dubai being a haven of terrorism, maybe one or two Congressmen should visit parts of blighty on a more regular basis. Once again, as the Baghdad Broadcasting Corporation pointed out …
The fact that two 9/11 terrorists originated from the UAE should not ruin Dubai's standing on the international stage any more than the United Kingdom's reputation was wrecked when two Muslims carrying British passports turned up as suicide bombers in Israel.
Comments
That it was a British company which the Dubai company intended to buy was news to me, I don't beleive that angle reached us here at all.
Posted by: -keith in Silicon Valley | March 11, 2006 1:34 AM
Everyone squealed about port security untill the deal was killed, then blamed Bush for killing the deal, which never involved port security anyway. Can you tell there's an election coming up in 8 months or so?
The biggest boost Al-Quida could give their cause, would be to crash an airplane into something that really needs destroying. Congress, for example.
Posted by: Billll | March 11, 2006 6:21 AM
Poncey politicians just haven't a clue, or else they do and are just seeking mischief, the prats.
No wonder I've just about sharpened my bayonet blade to a spike...
Posted by: Kim du Toit | March 11, 2006 7:52 PM
hmm... how can the house of representitives in AMERICA, interfere with the sale of a company that is NOT american to another company that is NOT american.
I'd like to see the yanks try to stop me (a kiwi) selling my Lee Enfield to a Digger.
Up yours Bushy :P
Posted by: rhys | March 12, 2006 8:38 AM
Rhys,
It wasn't GWB who put the kybosh on the thing. It was a bunch of Democrats, looking for an angle -- and then when their nonsense gained traction with an ill-informed electorate, some moron Republicans [redundancy alert] also jumped on board the Good Ship Stupid.
Posted by: Kim du Toit | March 12, 2006 3:53 PM
From what I read it was some other wheeler-dealers in in the shipping biz who lost what they thought was their preferred-port deal to Dubai, who made the call to their congresscritter.
Who're the "smart fellas" that t'inks dey "owns" all da shipping and longshoremen activity..? Probably a bunch of guys outta Joisy.
Posted by: -keith in Silicon Valley | March 12, 2006 11:44 PM