[lbo-talk] Bankruptcy attack?

[Steven L. Robinson]

Point well made. Even in the once 'depression proof' industry of baking, U.S. companies are failing. The country's largest baker (Interstate Bakeries, the baker of  Wonderbread, Hostess, and other labels) is in bankruptcy. It's main rival, Sara Lee, has been rumored to be on the brink of bankruptcy and is undergoing 'restructuring.. Both have lost market share, at least here in California, to a Mexican company, 'Bimbo.' It seems American Capital can't even bake a loaf of bread. SR

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> 
> It's not just autos or even a single policy. It's the rot and ruin of the 
> US Empire's industrial base -- an outdated division of labor, a lack of 
> investment in non-military science and technology, lousy public schools, 
> no worker training, etc. US capitalism is fundamentally uncompetitive with 
> East Asian keiretsu capitalism or Eurocapitalism.
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