Skip to main content

It wasn't only Japanese steel but French and other countries also. Most industrialized nations do mix Socialism with Capitalism.

The American Steel companies were suppose to reinvest in their industries but they did not. Instead they invested in other industries. I am going from memory but one I recall invested in Movies and other projects. They were supposed to modernize and to be competitive but abandoned the industry all together.

Congress didn't have to out law foreign steel, they could have passed higher tariffs to make American steel more competitive.

The auto industry has numerous problems and auto workers, like most Amercian workers, have been taking cuts and giving back benefits for over twenty years but profits are up and CEO pay increases. It's basically the same with all industry. The work is being done and productivity is up and so are up profits for everyone except the American worker. That's because of the decline in unions.

As far as international unions goes it would be up to the particular government to tax income accordingly and reinvest in their country.

When an industry cannot afford to pay a livable wage then something has to be done. And if socialism is needed then yes, it's socialism. European socialism is a mix of Capitalism and Socialism. The current capitalist systems is not working for the majority of the people, in America, and around the world. There is no reason to hold onto a model that doesn't work.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×