Working people are pissed. Some of our nation’s biggest enterprises, the ones that form the backbone of our economy, are faltering. Now the government is pondering what to do about it, and they’re framing the question as a “damned if you do, damned if you don’t” scenario. We can throw some more taxpayer money at the people who ran their companies into the ground, or we can suffer far worse consequences, ones that will sink our economy into even deeper depression. When framed this way, we are supposed to reluctantly hand over our cash to these CEO’s – like the officers of GM, Ford and Chrysler who flew into Washington to beg for a handout on their own private jets — out of fear of deepening our economic crisis and losing our jobs or homes.
In other words, the bourgeois are holding the country for ransom.
What the people on the Hill are failing to mention is that there is a third way to go about it. We don’t have to let these companies, the ones at the very core of our economy fail, but we don’t have to pour our money down the drain either. What we need is a government that has the balls to stand up to the giants and say, “OK, we’ve got the money to get you back on your feet, but if you want it, you’ve got to do things our way.” I’m talking about nationalizing the auto industry, or at least putting some very strong conditions on any bailout.
First, let’s sack the management team of every enterprise bailed out by the government. I say that in a time of economic crisis, the first people to get a pink slip should be the assholes that ran the economy into the ground in the first place. Put in their place a state-appointed management team that gets paid a salary that isn’t quite so sickening. There’s a lot of talk about how the problem with the auto industry is that UAW auto workers get paid too much. How about the bosses who get paid six grand an hour? That’s the biggest source of waste and inefficiency in the company; throw out the executive officers and find someone who’s willing to take a salary that is more in proportion to the amount of work they do.
Second, retool the company so that it makes products that people actually want and/or need. People would rather drive a Honda than a Chevy? Find out what it is about the imports that people like and make your product better. It’s called competition. That’s what this “free enterprise” system is supposed to be about, although in our age of Monopoly Capitalism we’re more about propping big business up at all costs and removing competition from the picture as much as possible. If you can’t beat the competition, then get into a new market. Start making Chevy bicycles, Chevy buses, Chevy subway trains. Hell, make a Chevrolet toaster for all I care. Something that is useful, that there is a market for. Save the jobs of your workers, save the company from going under, and provide something that people will buy.
This is not a radical idea. Ever heard of Chapter 11 Bankruptcy? The idea behind Chapter 11 is that it is often better for the economy to let the courts restructure a company so that it can continue operating but in a way that is profitable, instead of letting it fail all together. This happens all the time. That’s the only reason we still have K-Mart stores and Converse shoes. But remember, these are your taxpayer dollars on the line. Don’t you think that if the government is going to give them away they should have the balls to stand up and demand something in return? What’s so radical about that?
Third, we need something for the working class. There’s no point in giving money to the corporations so they can continue producing commodities that people don’t want or can’t afford. The problem with these bailouts is that they’re trying to treat the effect (failing companies) and not the cause (lack of consumer buying power). Maybe if we put some more money in the consumer’s pocket he or she could afford to go buy that Chevy and put some gas in it, instead of driving a Hyundai.
More stimulus checks would be nice but we need some revolutionary changes in the way our country does business. Going back to people who complain about the UAW being overpaid, why isn’t anyone pointing the finger at the Wal-Marts and the union busters who beat down their workers and try to squeeze every last penny possible from them? These anti-worker companies drive wages down for everyone. I hear working-class people all the time bitching about unionized workers being overpaid and underworked and it blows my mind. People have this mentality that instead of fighting to raise their own standard of living, they should bring that of their fellow workers down to their level. These folks work hard for a shitty wage and little or no benefits, and they wear it like a badge of honor that they’re willing to stand there and take that sort of abuse without complaint. Then they berate others who aren’t. I’m sorry, but that’s not honorable, it’s stupid!
Giving people more tax rebates isn’t a bad idea – hey, I’m not going to complain if Uncle Sam wants to send me a few extra bucks – but it’s a temporary solution. Let’s make it easier, or even mandatory, for workers to form unions. Let’s cap CEO salaries and put a heavy tax on stock dividends. Even better, let’s have a Communist revolution and get rid of the CEO’s all together. Well, maybe I’m getting a little ahead of myself, but you get the point. We need to change the way we’re doing things so that workers across the board have more spending power and can afford to go buy American goods and services.
But first and foremost, we need to get rid of this “corporate welfare”. Working class people can’t afford to be giving the bourgeoisie handouts with no strings attached. They’re coming to us to beg us for help. Don’t we hold all the cards? Why our are supposed “representatives” so afraid to tighten the screws on these jerks? I think it’s vital that we keep these companies afloat, but if they need our help to stay in business, they need to give something back to us. It’s only fair.