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

[farmelantj at juno.com]

Well right now, this looks like lemon socialism.
I would think that it is up to us to make into
something more.

Jim F.

---------- Original Message ----------
From: Doug Henwood <dhenwood at panix.com>
To: lbo-talk <lbo-talk at lbo-talk.org>
Cc: Sam Gindin <sgindin at yorku.ca>
Subject: [lbo-talk] U.S. auto sector socialized! WITBD?
Date: Tue, 28 Apr 2009 12:55:14 -0400

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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