Larry Kudlow on the "ports" issue

Saturday, March 04, 2006
When you scratch this debate among conservatives deep enough, what you are left with is a clear demarcation between free-traders and protectionists. Those conservatives who oppose the deal are lining up with xenophobic protectionists like my old friend Patrick Buchanan. On the other hand, conservatives in favor of the deal align themselves with the pro-growth, free-trade tradition embodied by Jack Kemp. The Kemp adherents believe in breaking down global barriers in order to enhance prospects for prosperity and freedom everywhere. That’s in large part what the UAE/DP World episode is all about. (National Review, March 04, 2006, 12:30 p.m. )

2 comments:

terrye said...

I agree with Kudlow on this particular issue.

Hugh Hewitt says it is not that simple, that it is about security and made a point that the UAE can not be expected to do as good a job on security as the Brits and I thought...what?

I think it is protectionism [and maybe a little racism too].

I don't think most Americans had any idea that all these companies from all the over the world were making and winning bids for the control of freight terminals at our ports.

The reason I don't believe Hugh on this is the Chinese...if we were really all that worried about these port deals and security why wait are they so indifferent to the Chinese.

As far as that is concerned the Saudis do business here and the Emirates fly in cargo etc. This deal is small potatoes compared to the overall business.

I just don't think it is something most people understand or have any experience with so it is easy to be alarmist and scare them.

People simply can not imagine the kind of business big conglomerates like Cargill do. Cargill does shipping but it also is huge in big systems agriculture. What if other countries reacted the same way to American companies?

David Thomson said...

“Hugh Hewitt says it is not that simple”

Hugh Hewitt seems to delight in playing the role of devil’s advocate. Some of the risks he cites sound like something out of a John LeCarre novel. He thinks there is a greater possibility of deep Islamic nihilist penetration in the management of Dubai company over a British one. This scenario seems to me very far fetched.

We need to make a distinction between somewhat possible threats and those highly unlikely. The latter must not be allowed to dominate our nation’s policies. We cannot afford to become a nation of paranoids. If nothing else, the economic destruction will be enormous.