Foreign capitalists were barred from buying US strategic firms
Evidence
In Britain, Greece or Spain, rich foreigners could buy whatever they pleased. In no uncertain terms, Washington made it clear to German, Japanese, and (later) Chinese capitalists: in our country, the United States of America, you can buy real estate. You can buy our government debt. … But keep your grubby hands off our Boeing, our General Electric, our Big Tech, our Big Pharma and, of course, our banks. — Yanis Varoufakis, Technofeudalism, 562
Categorization
- SEED: Angle for an essay: the uneven terrain of cross-border capital ownership as an overlooked feature of US imperial rent extraction.
- corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 562