There are two kinds of British businessmen. One is afraid that U. S. investors will buy control of British firms, bulwarks of the Empire. Therefore he harries the British Government to legislate against "dollar penetration."
The other sort of British businessman follows the lead of certain "Young Turks" among London stockbrokers who have recently been advising British clients to take their money out of "moribund" British industries and invest it in the U. S. This group highly approves of investment by U. S. citizens in British companies, the more moribund the better.
In...