The UAW should buy GM and turn it into a worker-owned cooperative.
- Log in to post comments
More like this
In addition to their notorious beauty, there could be another reason to mail-order a Russian bride. In a study that compared donations to a public goods game by Russian and Italian men and women, Russian females were constantly and, more interesting, increasingly cooperative.
The experiment…
Last week, two workers were killed in an Illinois grain elevator. Alejandro Pacas, 19, and Wyatt Whitebread, 14, were engulfed by shelled corn in the Mount Carroll grain facility, which is owned by Haasbach, LLC. A third victim, Will Piper, 20, was trapped for approximately six hours before…
href="http://www.politico.com/news/stories/1208/16514.html">Senate
rejects auto bailout
By DAVID ROGERS | 12/11/08 11:15 PM EST
A White House-backed bailout for ailing automakers collapsed in the
Senate Thursday night, pushing General Motors Corp. closer to almost
certain bankruptcy absent…
Ezra Klein thinks the stars -- and the forces -- are so far lining up much more promisingly than in 1994:
The opponents of health reform are, at this juncture, entirely isolated. Industry is adopting an attitude of relentless positivity. Republicans are grudgingly attempting to appear cooperative.…
With money loaned to UAW by the Federal Reserve?
Sure! And they're getting a hand from GM itself. As part of the last contract, the UAW is taking over GM's health insurance fund, with GM paying its share with GM stock. So the UAW is already taking a big share of GM. And if GM did have to declare bankruptcy, I imagine the UAW, its members, and the combined power of the AFL-CIO could take a controlling stake in the company.
This eliminates the problem of excessive management salaries, and creates a powerful disincentive for outsourcing.