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Policy on Monopoly of Ports Business
(The
Evils of Monopoly)
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Dubai Ports World UAE, the government owned ports operator, run a majority of the world ports could face
further international opposition to its acquisition of British ports firm
P&O.
The
policy on monopoly of ports is applicable to this global takeover deal.
The merger presents the political dangers surrounding a monster
corporation controlling most of the container transportation facilities of
the world. They rest upon the fact that absolute power inevitably leads to
abuse.
The US Senate voted to block the takeover by 62 votes to two, citing
security concerns at the six US ports that would have been taken over by
Dubai Ports World. DPW has since announced plans to sell all its US ports
operations to an American buyer, within the next six months.
The DPW inherited the Indian subcontinent’s container handling, after the
acquisition of P&O, faces concerns in India that this would amount to a
monopoly in container port service.
Opponents of the deal appears to be strongly against the transaction and have called on central
and regional governments to block the transaction. DPW is a private,
state owned company whereas the British company, in which the DPW
purchased was publicly traded.
There is no way to safeguard the people from the evils of a private
transportation monopoly except to prevent the monopoly. (An excerpt from
the charter of the evils of corporate monopoly)
View a related report
Main Page:
10 Smart Reasons to STOP Port Deal!
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The BCCI Banking Scandal
!
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The chapter on BCCI banking
scandal describes in detail
the heinous crimes UAE did
for every major terrorist
service in the world.
Bribery was a key component
of BCCI's strategy for asset
growth worldwide, from the
earliest days of the bank.
In some case, the recipients
of funding from BCCI may not
have considered the payments
to be "bribes," but simply a
mechanism by which BCCI
obtained what it wanted from
an official, and in return
the official helped BCCI,
such as BCCI's payments to
two of the Gulf emirs in
return for the use of their
names as nominees for the
purchase of First American.
Full Text
The Bank of England shuts
down Bank of Credit and
Commerce International (BCCI),
this bank expedited the
heroin shipments, financed
numerous militant
organizations and laundered
money generated by illicit
drug, arms trafficking and
other illegal activities,
including involvement in
prostitution.
The Chapter on BCCI Banking
Scandal.
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