Tuesday, April 28, 2009

UAW To Own A Part Of Chrysler.

http://www.ft.com/cms/s/0/be80a37c-3419-11de-9eea-00144feabdc0.html?nclick_check=1 I think that this is a positive, progressive, step in participatory economics. Now organised labor can have the power to direct the company, and profit from it. While I do of course also feel that it would have been better yet if the union could have been able to buy out the corporation outright, at least this is a start in the right direction, In my opinion. Notabley a socialism of sorts is developing without the aid of a social revolution, during the financial crisis. Our economic system is seemingly evolving towards socialism, whether or not all of the American people like it.

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