Undoubtedly, there will be a great deal of finger-pointing and second-guessing about this matter. I'd rather concentrate on a facet of this deal that has been completely ignored. The unanswered ' and unasked ' question is: why did this German company choose to invest on foreign shores rather than in its own back yard? Could it have something to do with Germany's excessive tax burden on businesses? Could it have something to do with the oppressive regulations of the European Union, of which Germany is a leading member? Could it have something to do with Germany's deteriorating infrastructure after years of low economic growth?
We had better wake up to the prospect that after taking a long look at Louisiana, ThyssenKrupp executives saw too many things that reminded them of their native Germany.