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Originally Posted by Missouri Mule
If GM and Ford had a printing press in their basements they could print all the money they need to fund these benefits. Unfortunately for them, those presses are held by the federal government.
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Not quite, The Federal Reserve (neither federal, nor a reserve) controls the printing of money, and the Fed is owned by it's member banks, so your government has nothing to do with printing money (they are only allowed to mint coins) except that the Fed lends the government money... but anyways, it's not GM, Ford or the unions, true.
I'd like to see unions be a thing of the past, but the ONLY way you can completely rid the world of unions is to include the ordinary workers in the corporate decision making process, otherwise corporations will walk all over workers like they do wherever they setup shop in 3rd world countries and that's what they really want to do to America. They couldn't care less about the wellbeing of their employees, heck if one gets sick or dies there's thousands more where they came from.
Eventually neo-liberal capitalism will have to give way to a more humane economic system, something like a participatory economy. I suspect that won't happen until the US dollar collapses and people are forced to re-think their whole social-economic framework. GM may need to go bankrupt to change, but the same thing is looming over the whole globalized economy, it's totally unsustainable and will eventually have to evolve.