To me, this is an example of power's influence coming at us through the media. Kaplan, based in Paris, reported on how American companies are buying up Europe through acquisitions. This intergovernmental agency keeps watch on such activities. One item the report highlighted was that in the year 1993, U.S. investment abroad will total fifty five billion, a rise of fifteen percent over the previous year. The report continued.
American firms are on a take over spree in Europe.
They acquired 185 European companies last year valued at fifteen billion. That's twice the number they bought at the height of the world boom in 1988. The OECD estimates U.S. acquisitions in 1994 could be as many as 225 and the number will keep going up each year. Surely downsizing here in America, and simultaneously upsizing in Europe, is a contradiction when evaluated with the reasoning we are fed. To boot, we are never exposed to the true movement of corporations that exist in spite of our founding fathers' intentions to prevent it.