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Originally Posted by Schwa
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.
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Somehow this has the ring of "Workers of the World Unite" to me. I think that was tried in the Soviet Union. Ironically, Walter Reuther who got the UAW to where it is today worked for several years in the Soviet Union and didn't much like what he saw. Unfortunately he died in 1970 and it has been downhill ever since. I think he would have had the good sense to have made needed changes to keep the domestics viable. He was one of the more enlightened labor leaders in his era.
This business of the collapse of the dollar has as much validity. Any country that wishes not to do business with the U.S. can certainly do so. Just stop exporting to the U.S. Heck, I say go for it. (I won't hold my breath)