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The Fourth of July, Brought to You by Belgium, Brazil and China

The Fourth of July is coming up. What could be more American than to pop a cold Budweiser, put a hot dog on the grill, slather it with Heinz ketchup, watch the kids chase the Good Humor Ice Cream truck, and maybe catch the latest summer blockbuster?  Well, technically, you'd be drinking a beer owned by a Brazilian-Belgian conglomerate, your hot dog may well have come from Smithfield Foods, a Chinese-owned company, the Heinz ketchup partly owned by a Brazilain private equity group, the Good Humor Ice Cream truck part of a British-Dutch conglomerate, and the movie house you visit will likely belong to Dalian Wanda, a Chinese real estate giant that controls more U.S cinema screens than any American company.

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Bloomberg
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