Posted on 02/03/2012 7:00:07 AM PST by SeekAndFind
This winter has brought a useful tutorial on capitalism courtesy of the media, the Democratic party and President Obama. They have illustrated for us how the depredations of profit-seekers crush American aspirations.
We will be hearing much more about how Mitt Romney and his private-equity buddies at Bain Capital bought up companies and began searching for ways to return them to profitability. This might mean laying off unneeded workers, outsourcing or automating jobs. As the cliche has it, these smarty-pants consultants in their pinstripe suits are given to “ruthlessly wringing out inefficiencies,” workers be damned. Jobs — entire industries! — are killed or sent to China.
So let’s consider how American businesses might be run if Obama and his allies were CEOs.
We’ll begin from scratch. What kind of business shall we launch? Clearly it should be domestic manufacturing, because our goal is to create lots of jobs for the middle and working classes. Our company can’t be something hollow like Apple or Nike, which create a few white-collar jobs for engineers, designers and marketers but make their products overseas. Moreover, as we are people of conscience, we will place profit considerations behind doing good for the community.
So we’ll make, say, solar panels. Things that herald a brighter, cleaner, more high-tech future.
Now we must decide where to build our factory. Obviously it would be unfair to workers’ rights if we put our factory in some union-hostile state like South Carolina or Tennessee. No, our factory must be someplace where workers’ rights are protected. Let’s put it in Michigan.
Next we’ll welcome the UAW as it organizes our workforce. Naturally we will agree to generous pensions, benefits and work rules, we will have labor representation on our board, and in accordance with UAW practices we will protect the workers
(Excerpt) Read more at forbes.com ...
Hopefully they would be thrown in jail for stealing the start up funds, before the doors ever opened.
“So we’ll make, say, solar panels. Things that herald a brighter, cleaner, more high-tech future.”
Then we’ll select an outdated technology, that’s more costly and less efficient.
Yes, it was in Michigan and controlled almost totally by the union.
There was no accountability at all for the workers. If they punched in, or someone punched them in, they were paid. It was up to supervision to figure out what , if anything, they did that day. All production records were fudged so bad that they had to have literally months of finished product stored in a warehouse, because they really had no idea what they had on hand.
If a line broke down they couldn't put people on another job, they had to send them home with full pay. Needless to say, things broke A LOT! I had witnessed workers walking behind machines and ripping every wire out of control panels.
Wildcat strikes were common, several every year. Most of the employees were drunk or high by lunch time, even supervision.
They are out of business now and even the factory that once had over 2,000 workers was torn down. It is to this day an empty lot.
Socialist Utopia bump for later.....
In 1999, Krugman was an economic advisor for Enron. Any business Krugman runs would follow the Enron model.
Well that’s simple they would run it into the ground after securing low interest loans from the government who lent them the money not based on a successful buisness model but rather on a feel good model(read green). They would then extract large bonuses and large paychecks from the failing company funneling some to congress critters who would stall any type of investigation into the shell game.
Wildcat strikes were common, several every year. Most of the employees were drunk or high by lunch time, even supervision.
Wow... incredible.
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