Pallative Care
It seems a few governments, Australia and the U.S. included, are taking the opportunity to put distressed businesses on life support. Protectionism cannot be far behind.
Failing car manufacturers need to be restructured and rebuilt in both the US and Australia. I find it difficult to imagine that after spending (wasting) AUD 6.3b of taxpayers money supporting two US multinationals that additional "supportive" measures won't be considered.
posted by Peter at 5:56 pm
2 Comments:
Give the auto workers union government loans to buy out the automakers at distressed prices. Then they can negotiate wages with themselves!
That would be an autonomous collective I believe. Not unprecedented in the US either, I studied an example of one, but I can't recall its name. Labour would briefly share its role with capital, then seek new labour to take its place. Four legs good, two legs better.
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