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

Bill O'Connor billyoc at gmail.com
Tue Apr 28 10:18:26 PDT 2009


Doug Henwood <dhenwood at panix.com> writes:


> 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?

Lemon socialism though it might be, I see the workers owning the means of production, making decisions as the majority stockholders. Whether Chrysler stays in business or not remains to be seen, but I'll be buying one this year now.



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