I found an article by Street Insider very disturbing seems many American Brands are owned by companies in foreign countries, and are no longer American owned. Here is a list showing brand company owner and Country Popsicle Unilever England Ben & Jerry's Unilever England Burger King restaurant International Canada Trader Joe's Theo Albrecht Germany 7-Eleven I Holdings Japan Holiday Inn InterContinental Hotels England Smithfield wh group Hong Kong Forbes integrated whale media China Dirt Devil tectonic Industries China Good Humor unilevel England Purina Bridgestone Japan FireStone Bridgestone Japan Gerber Nestle's Switzerland Hellman's Unilever England Citgo petrole Venezuela Venezuela General Electric appliances Haier China Motorola Lenovo China IBM Lenovo China Legendary entertainment Dalian Wanda China Hoover US techtronic Industries China Frigidaire Electrolux Sweden Alka-Seltzer Bayer Germany General Motors Shanghai Automotive industry China Spotify Tencent Holdings China Waldorf Astoria Hotel and Anbang insurance China Snapchat tencent Holdings China Cleveland Cavaliers Jianhua Huang Group China There are many many more examples of foreign countries owning American companies. China is a large shareholder in Tesla. Who knows how much influence they have on the stock market. I understand that some of the American companies that sold to foreign buyers we're on the verge of bankruptcy this was there best opportunity to stay afloat, these appear to me to be strictly business deals with no other motive by thes foreign buyers, others there is a good chance they're out to destroy America economically.
Some of it may also be due to U.S. corporate taxes. As a part of the "tax the rich" nonsense, I believe we have the highest corporate taxes in the word. Companies do much better when they are based in countries with lower corporate taxes.
That is true some companies do manufacture in foreign land to escape taxes. I don't believe that's the case here these companies sold out entirely to foreign companies. I remember many years ago Russian prime minister Khrushchev said something like "we will bury you" to the US, He didn't mean militarily he meant economically. That statement has stayed with me, Now I feel many other countries are following the same Concept.
While Khruschev was blowing, blustering, and banging his shoe, China was quietly taking over the world economy. And we let them.
I don't think China's move started quite that early. It began with Nixon in the beginning, but was set loose on the world by Bill Clinton when he used American power to push China in the WTO as a "developing country" exempt from most restrictions.