Question

1 "Let all the learned say what they can, 'Tis ready money makes the man." 2 These two lines of poetry by the Englishman William Somerville 1645 1742 may apply to a current American economic problem. 3 Non-American investors with "ready money" pour some of it as much as $1.3 trillion in recent years into the United States. 4 Stocks and bonds, savings deposits, service companies, factories, artworks, political campaigns the investments of foreigners are varied and grow more numerous every day. 5 Proponents of foreign investment argue that it revives industry, strengthens the economy, creates jobs more than 3 million, they say, and encourages free trade among nations. 6 Opponents caution that the risks associated with heavy foreign investment namely decreased profits at home and increased political influence from outside may ultimately weaken the economy. 7 On both sides, it seems, "the learned say, 'Tis ready money makes the man or country." 8 The question is, whose money theirs or ours?

Answer 1

This passage raises important considerations regarding foreign investment in the United States, illustrating both the potential benefits and risks associated with it. The opening quote by William Somerville highlights the idea that financial resources can significantly impact power and influence—applicable not only to individuals but also to countries.

The influx of nearly $1.3 trillion from non-American investors reflects a willingness to support the U.S. economy through various forms of investment, which proponents argue leads to job creation and industrial revival. The claim of creating over 3 million jobs suggests substantial positive impacts, especially in a global economy that increasingly relies on interconnectedness and collaboration.

However, the passage introduces a cautionary perspective about the consequences of such heavy foreign investment. Opponents point out potential drawbacks, such as reduced domestic profits and foreign entities gaining political influence. This raises critical questions about national sovereignty and the long-term resilience of the U.S. economy.

Ultimately, the concluding question—"whose money, theirs or ours?"—highlights the necessity for a careful examination of the implications of foreign investments. It challenges readers to consider the balance between the benefits of foreign capital and the need to maintain economic independence and integrity.

The debate about foreign investment is complex and multifaceted, requiring an ongoing dialogue among policymakers, economists, and the public to navigate the challenges and opportunities it presents.