With both the dollar and the Dow down, foreign investors are flocking to stock upon equity in our Gross Domestic Product . This has driven at least one editorial cartoonist -Mr. Toles to grab his protectionist pencil stub, but panic seems premature- no nation state has a GDP in the same league as the USA. The States themselves are another matter.
If it is economically plausible for a nation to leverage a buyout of something its own economic size, the desire to take over lobbying control of state houses might appeal to foreign investors eying industries in say, California , or New Jersey. If so, what might be termed proximity of scale could lead to a one nation, one state buy-in strategy, with forign investors focusing on states with GDP's matching their own, and possiblyoffering exchange of citizenshipto sweeten the swap. The SEC might be powerless to stopi t,for while disclosure of a 5% or larger stake is required, I am not aware that small stock purchases require disclosure of nationality, and the Monroe Doctrine has not been seen on most Op-ed pages since the last millennium.
So if fifty million Frenchman buy a few shares each of every publicly traded firm in Silicon Valley,and the Russian pension funds make offers that cannot be refused for the Jersey 500, the newly leveled playing field might look like this - The United Equities Of America. Canada and Texas' dealings with American illegals swarming across their respective northern and southern borders should keep Dallas and Montreal editorial cartoonists busy and out of the financial papers for a generation to come.