I have been watching the giant stinking pile of shit that has been the outrage over the Dubai Ports World deal for 3 weeks now and I'm frustrated. I don't see what the issue is. I keep hearing the same few complaints:
- UAE is an Arab country
- Port security is lax and handing over control to an Arab country would open us to attack
- UAE is an Arab country
- The ports are vital to our national security policies and control of them should not be handed over to the "enemy"
- Them there A-rabs are bad people
- etc....
So, the UAE currently has several US military bases on it. They've worked closely with us allow us to house troops, planes, and naval ships in their country, which doesn't exactly make them popular in their neighborhood. Secondly, as far as security is concerned, Israel, yes, ISRAEL, has a port run by this company. If Dubai Ports World can run a port in Israel and the Israeli government trusts them to not be a security risk, what the fuck are we worried about? Also, consider that at some existing military bases, KBR, the subsidiary of Halliburton is already partnered with a Dubai-based firm to provide security for naval ships. Oh, and let's consider that one of the ports in New York that the 10th Mountain Division uses to deploy is owned and operated by high-ranking member of the Chinese Communist Party in Bejing. Why do we trust them and not a company from Dubai?
When people gave into this hysteria, it fed the fires of hatred for the US around the world. It furthered the divide between the US and Muslims countries because it makes it seem like we just don't like Arabs, and maybe that's true for most of the US, but I don't prefer our foreign and economic policies to be informed by our worst xenophobic and jingoistic tendencies.
But it's also bad for another reason. Our current trade deficit is $68.5 billion. That's HUGE! We're practically just boxing up stacks of money and shipping it overseas. Those dollars have to get spent somewhere, and usually they're spent buying American goods, American companies, and investing in the US. Some countries and investors are going to get wary of wanting to do business with the US if we keep acting this way, which means that it hurts our economy further. Economist Bruce Bartlett, had a great discussion about this on NPR not long ago. (Link)
I'm really distressed that this fearmongering bloviation reached such heights that DPW has put the deal on hold. We had a chance to show the world how open a society we really are, and how good an economy we are for foreign investors and we spit on both ideas. The democrats took it as an opportunity to exorcise the perceived demons that they're weak on security and the Republicans in Congress ran as hard as they could to jump on that bandwagon that, like usual, the facts got left behind.
They should have done what was best for their people and let the deal go through, not block the deal to bolster their re-election campaigns.