Monopoly Ownership
The Chinese company Hutchison Whampoa that had proposed to build Puerto Colonet is owned by Chinese billionaire Li Ka-Shing, whose company controls 35 major ports in the world including the four most important ports in Mexico. There was a concern about the near monopoly ownership of North American ports in the event of a conflict with China.
Read more about this topic: Colonet, Proposed Port, Concerns
Famous quotes containing the words monopoly and/or ownership:
“Unless you become more watchful in your states and check the spirit of monopoly and thirst for exclusive privileges you will in the end find that ... the control over your dearest interests has passed into the hands of these corporations.”
—Andrew Jackson (1767–1845)
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—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)