The Socialist-Syndicalist Plan for GM

Quicklink submitted by Darren Wolfe     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; , Add Tags  (less...)

View Ratings | Rate It

opednews.com

Become a Fan
  (10 fans)


At mises.org

General Motors has announced a plan for a new ownership structure. The US government will swap debt for equity and take at least half ownership in GM. This amounts to socialization of a large part of the domestic means for automobile production. The UAW will swap debt for equity to cancel out the debt 'owed' by GM to a union-run trust. Worker ownership of 39% of this company is syndicalism, plain and simple.

Read the rest of the story HERE:

At mises.org


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments