Following up on my post of last week, Larry Kudlow has a terrific column in National Review Online on the Dubai Ports World debacle. It can be found here:
The unfolding information suggests that calmer heads are prevailing. I was amused to note that former President Clinton was advising the Dubai company, while Senator Hillary Clinton was calling for more investigations and raising a ruckus about security. Wouldn't you expect the former President to choose his foreign business associations carefully? And wouldn't you expect Mrs. Clinton to trust the former President's judgment on that issue as well?
It is completely appropriate to be careful about security matters. But a view of isolationism and fear is not likely to achieve greater security than an approach that builds trust through emerging common interests rooted in commerce.