ear arms race, but America would fear us too much so they keep us in the dark to protect themselves from a country that can live without a dying passion to consume every little gadget offered on the television.Besides government control we must be wary of the foreign investment we have allowed ourselves to become engaged in. The total stock of foreign investment in Frances economy, which is into the several billion-dollar categories, over half of that is, controlled by American investment firms. The most eye-popping and worrisome aspect of the whole event is that most of the money is invested into manufacturing. Investment that started off with the larger companies: IBM, Standard Oil-Esso, and GM. The investments that are the ones to watch are the smaller and medium size firms. To add salt to the wound American subsidiaries borrowed capital from French banks to finance their expansion.What happens when America goes into a recession, do you think they will keep up with their overseas investments? No, certainly not, they will tuck tail and run, trying to salvage what is left of their careers. They will ante up to the ego-centrics of a consumers economy, they will take care of themselves first, in America and what is left, they will save it up for future holding to build their empire to the great status of the Rockefellers. They have the ability to crush the European Community market with lay-offs, closing plants, management changes, industrialization and modernization. They hold no obeisance for their people that feed their children an ocean away.America has come into the European market, not just the French market, and completely dominated everything. Americas big business makes more money then small countries, and dwarfs any and all European companies that compete with them. I would have to agree with Maurice Deverger in the need to look for European solutions, as a way to help out our struggling home companies, not just let the...
