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There seems to be agreement that the US needs manufacturing jobs but these have been shipped overseas to cheaper labor markets.  At the same time you see "bond issues" in the papers ... wealthy folks trying to get funds to do stupid things like build bigger, gaudier sports arenas.  So ...

Where are the bond issues to construct new  factories/refurbish existing factories so that we put people back to work making things we can sell to the world, and EVEN ... get this ... the workers have a chance to OWN those factories.

Step right up and tell me I'm full of it.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Sun Dec 27th, 2009 at 01:59:50 PM EST
Look into co-operatives. In the long run it's the best way for workers to retain local control of their jobs.

There are lots of ways of doing that.

however, hoping that American casino capitalism can somehow be controlled to protect jobs in the long term is to completely misunderstand that the system exists to subtract wealth, to create it.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Dec 27th, 2009 at 02:13:55 PM EST
[ Parent ]
Bond issues for sports arenas... for me that's pretty much the gold standard for municipal stupidity.

Now if they floated bonds for, say, wind turbines, they might be able to service the debt and have something left over for boring stuff like essential services.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Sun Dec 27th, 2009 at 02:44:25 PM EST
[ Parent ]

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