[lbo-talk] Hits on auto capital keep on coming, esp. to variable capital

[Avery Ray Colter]

>AXLE CONTRACT WINS APPROVAL
>Detroit workers seal deal, mark painful turning point
>
>http://www.freep.com/apps/pbcs.dll/article?AID=/20080523/BUSINESS01/805230305
>
>Industry's structural shift hits Ford hard
>Consumer move to smaller vehicles may mean more cuts, internal changes
>for ailing Detroit automaker
>
>http://www.detnews.com/apps/pbcs.dll/article?AID=/20080523/AUTO01/805230375
>
>^^^^
>CB:   Auto capital is getting slaughtered by Capital's current dynamic.
>Of course, _variable_ capital, i.e labor gets the most devastating hit.
>
>Big auto has got to be against Bush's war more than anybody, since it
>is causing oil prices to rise, and cutting into sales of gas guzzlers
>even more.
>
>Nationalize the auto industry !

If that is true, then why have they been resisting alternative fuels 
for so long, only going for ethanol in recent years after ADM started 
backing it, killing elecrtic cars, etc?

-- 
Avery Colter, <mailto:elf-cat at sbcglobal.net>
<http://www.elfcat.net>

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