"Renaissance Thinking About the Issues of Our Day"
Slowly but surely - the United States of America is being eaten alive by foreign transnational corporations. Today - news broke that telecom giant Sprint is being bought by the foreign Japanese corporation Softbank for more than $20 billion. According to the deal - which is the largest American acquisition by a Japanese company in history - 70% of Sprint will now be owned by overseas investors. The deal will likely be approved next year - making Softbank Sprint the third largest mobile phone company in the world. Not only that - this deal will suck billions in future revenue and profits out of the American economy - and into the Japanese economy. That's already the case with the nation's fourth largest mobile phone company - T-Mobile - which is owned by the German company Deutsche Telekom AG. In fact - there are so few American telecom companies and manufacturers - that our nation will likely have to rely on foreign telecoms like China's Wa-Wei to build the next generation of telecom infrastructure in the United States. That's how bad things have gotten for American industries. Every single second in America, over $4000 worth of our own industry is sold off to foreign investors.