China Buys Panama’s Largest Port

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Caption: Colón, Panama (LUIS ACOSTA/AFP/Getty Images)

 

Consolidating power in the Panama Canal

For more than 100 years, the Panama Canal has controlled the bulk of goods transferred between the Pacific and the Atlantic. For much of that history, this monumental feat of engineering was under the control of the United States. But this is no longer the case.

In May, Panama’s largest port was purchased by a Chinese company called Landbridge Group.

Margarita Island Port, on the canal’s Atlantic side, offers the company intimate access to one of the most important goods distribution centers in the world.

While promising to upgrade the ailing Panama facilities and offer more trade with America’s distant east coast, there is substantial reason to hesitate at the purchase of such a critical trade hub.

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The Rise and Fall of a Superpower

An article from 2000 with lessons for today:

 

 

Building the Panama Canal was one of the greatest chapters in American history. It helps to reveal how America became a superpower, if we understand the complete history. Today we see an almost totally different spirit in our leaders. The meaning behind that change contains the strongest warning ever for America!

How much do Americans understand their own history? We are called the world’s greatest superpower ever! But how did we rise to such heights? Most Americans are ignorant of how it all happened. And that ignorance places us in grave danger!

Our building and now surrendering of the Panama Canal reveals a large part of the story. It gives a powerful insight into the rise and fall of the world’s greatest superpower.

President Theodore Roosevelt led our people to build the Panama Canal. He had a spirit and courage that I don’t see in our leaders today.

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