Bethlehem steel is the biggest one I know; they didn't fund
their retirement plans properly, they declared bankruptcy and
the gov is left holding the bag.
I agree that business that work the system this way are despicable. One more
reason for workers not to trust a corporation to take care
Kevin pointed out that big business gets job retraining too when it screws
up:
problem with the above statement, the government does spend
my tax dollars propping up companies that are failing in the
market place like airlines and farming. In PA they are paying
parts of a doctor's
Mostly agreeing with all Mike wrote, but there are other sides of the story
too, where the gov should have been doing something and didn't.
Bethlehem steel is the biggest one I know; they didn't fund their
retirement plans properly, they declared bankruptcy and the gov is left
holding the bag.
Tom wants reparations, from whom, I'm not quite sure:
Economists talk about this all the time - easing the pain
for people displaced by macroeconomic currents - but IT NEVER
ACTUALLY HAPPENS. We never, as a society, seriously think
about compensating the victims of necessary economic
Hardly anybody thinks that businesses that go under should be compensated
and cuddled by the government for having their livelihood disappear. If a
business can't cut it in the marketplace, tough. Worse than that, when a
business is going under, and the owner must liquidate inventory at a loss,
Trying to slow the process of outsourcing is no solution. Instead, the
US must make the adjustment process less painful and ensure that it has
full access to foreign markets.
First, the government should assist displaced workers. The benefits
of free trade can only be realised if those people find
On Fri, Mar 26, 2004 at 05:22:31PM -0500, Tom Beck wrote:
Economists talk about this all the time - easing the pain for
people displaced by macroeconomic currents - but IT NEVER ACTUALLY
HAPPENS. We never, as a society, seriously think about compensating
the victims of necessary economic
