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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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Meryl Ann Butler is an artist, author, educator and OpedNews Managing Editor who has been actively engaged in utilizing the arts as stepping-stones toward joy-filled wellbeing since she was a hippie. She began writing for OpEdNews in Feb, 2004. She became a Senior Editor in August 2012 and Managing Editor in January, (more...)
 

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