Monday, May 12, 2008

This is a bad sign

In response to US "buy American" policies, the Canadians have decided to invoke a never-used law to block the sale of a Canadian company to a US buyer, citing security concerns.
MDA decided to sell the space division because it said the business could not compete for the lucrative U.S. defence contracts necessary to survive unless owned by a U.S. company.
Protectionism begets protectionism.

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