Why was China allowed to purchase land in the US?

[Stargazer99]

When I was a kid in the 1950,s no foreign country was allowed to own American assets for a damn good reason. Re the balloon flying over the US defense systems. China now owns property in several states. You really think China will allow American business located in China as they are now to produce an item needed in our defense? Just how stupid can one get? Business has no morals, it is a thing not concerned with human life only profit. I think it is time to get the business community under control for the benefit of the average citizen instead of allowing it to endanger our very defense for profit as they presently do with products that have killed and harmed people. You hear day after day of products harming the common man. Can someone find out who the business community is that is involved in China and list them so we know. Business owns you, are you going to just take it in the shorts and maybe lose your country?

[Frasier Balzov]

1. I didn't know there was a ban on foreign ownership in the 1950s.

I'd like to know more about that.

[yaesu]

2. We need laws keeping all foreigners from buying, owning property in this country

Especially corporate interest and enemy states like china.

[Conjuay]

3. China

has a 45% interest in Rockefeller Center in NYC.
You can’t get more American than the home of the Rockettes.

[old as dirt]

6. My wife bought our house decades ago.

We need laws keeping all foreigners from buying, owning property in this country

Would she be compensated for the theft of our home under your plan?

[Iggo]

9. That's the thing, ain't it.

[brewens]

4. Because a very few people could make a lot of money selling to them. n/t

[Chainfire]

5. Unless they figure out a way to take it with them, I won't worry about it.

[ratchiweenie]

7. I believe Saudi Arabia owns land in California and Arizona that it uses to grow

alfalfa to feed cows back home. Alfalfa is a water intense crop. It really should only be grown in places like parts of the midwest where the water table is high. Yet these states have sold land in extremely arid regions to Saudi firms. There really should be laws against this.

[crickets]

13. They got a sweet deal, too.

https://www.esquire.com/news-politics/politics/a40742686/arizona-ground-water-saudi-arabia/
No paywall: https://archive.ph/MvbZZ

https://www.middleeasteye.net/news/drought-stricken-us-southwest-pays-price-gulf-owned-farms-exporting-virtual-water-abroad

Arizona is stupid to allow this.

[treestar]

18. China is so huge

hard to believe they can't grow it there - and wouldn't have the shipping costs.

Labor is so much cheaper that it's cheaper to make things there and ship them all the way across the Pacific to the US.

[Iggo]

8. Coulda used you back in the 80s when this was a thing.

Back then, it was their owning of banks. Before that in the 70s, it was the “AY-rabs.” And that right there was part of the problem. You can’t even begin to do something about it without getting into bed with the bigots who just plain hate the chinese or the arabs.

[ratchiweenie]

14. It's not a matter of hating the Chinese or the Arabs. It's a matter of selling land in areas that

are in the middle of draughts, where the local peoples wells have run dry, to foreign investors who are using huge amounts of water to grown extremely water intensive crops that are then exported to their home countries to feed animals that are high resource "crops" themselves. And they can do all of this because they are fabulously wealthy and the people who live in these areas are very, very, poor. It has nothing to do with race and everything to do with wealth winning as usual.

[Iggo]

17. Guess you had to be there...

[Kaleva]

10. We long for the days when US companies owned foreign nations

If the local government didn't play ball, we overthrew it

[dalton99a]

11. Kick

Congressional Research Service (2023)

[Deep State Witch]

12. Money Talks

Besides, they have numerous shell companies that do their dirty work.

[Jose Garcia]

15. Can you please point out what change in law permitted

foreign countries to owm America assets?

[mainer]

16. Americans can own property abroad

But foreigners can’t own property in the US?