[lbo-talk] U.S. auto sector socialized! WITBD?

Doug Henwood dhenwood at panix.com
Tue Apr 28 09:55:14 PDT 2009


So with the UAW about to control 55% of Chrylser, and the U.S. gov likely to take a majority interest in GM (with the UAW holding a large stake as well), this means the effective socialization, at least in potential and/or theory, of a large chunk of the U.S. auto sector. What does this mean? Does anyone know what to do with it? Or is this just lemon socialism on a very large scale? Has anyone thought about this?



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