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Bolivian Gov't Authorizes Workers to Take Over Closed/Abandoned Firms

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President Evo Morales issued a government decree on Oct. 7 which allows workers to establish "social enterprises" in businesses that are bankrupt, winding up, or unjustifiably closed or abandoned. These enterprises, while private, will be operated by the workers and qualify for government assistance. In his remarks to the audience of several hundred union members and leaders, President Morales noted that employers often attempt to blackmail workers with threats to shut down when faced with demands for higher wages. "Now, if they threaten you in that way, the firm may as well go bankrupt or close, because you will become the owners. They will be new social enterprises," he said.

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Great idea. ;)  Create an incentive for worke... by Mark Adams JD/MBA on Monday, Oct 21, 2013 at 10:39:35 AM
I understand, I think, what you are getting at. We... by Charles Roll on Tuesday, Oct 22, 2013 at 12:23:46 AM
I find myself wondering how this would be seen or ... by Charles Roll on Tuesday, Oct 22, 2013 at 12:52:17 AM
Morales' "Supreme Decree" is a slap in the face to... by Amy Schreiner on Monday, Oct 21, 2013 at 11:52:46 AM
Sometimes such 'anarchist-syndicalist' development... by Charles Roll on Tuesday, Oct 22, 2013 at 12:53:44 AM
I, for one, am very happy at this great news from ... by Daniel Penisten on Tuesday, Oct 22, 2013 at 11:58:41 PM