A Chinese steel company is trying to invest in US Steel plants, according to The Wall Street Journal, today's edition. This is another example supporting my theory that China is trying to take over business all over the world. This is predatory capitalism at its worst when a large government like China tries to gain control of a vital business or industry of other countries.
Why would the Chinese want to control our steel industry? Is it such a hot investment? No. Could Chinese run our steel industry any better than we can? No. The Chinese steel business that wants to iv est here is ultimately controlled and really managed by the Chinese government, not real private independent businessmen. Why should we allow the Chinese to gain control of a vital defense related US business and learn our steel industry technology? To allow this would indeed be folly of the dumbest kind for obvious reasons.
My prediction is that China will continue to try to control business around the world including the United States and other free democracy loving nations. Don't let them.
Call and write your Congressman and tell him how you feel about this.
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