Letters

Our report on Indian billionaire Lakshmi Mittal's hostile takeover bid for Europe's biggest steel company caused some readers to remark that the West is not ready to face competition from Asia

Why are Europeans so upset over Mittal Steel's bid to merge with Arcelor [Feb. 13]? Where I come from, Western companies have gobbled up local firmsand entire industries, for that matterand that's supposed to be just fine. It's disturbing to see that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!