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After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs
(www.commondreams.org)
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this post was submitted on 13 Oct 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
MODERATORS
If the government needs to step in, they need to make sure they get ownership. Take it off the market. Shares should just become worthless.
Western governments don't want ownership. Politicians see ownership of capital assets as political liabilities. They require real labor and talent management and long term maintenance and planning. Western governments want kickbacks from successful privately run enterprises (or, at least, profitably run businesses) in the forms of employee income taxes, which can be turned into sinecures and patronages for their underlyings.
Nationalization is antithetical to how a modern western politician succeeds in their positions.
In Europe we have seen banks nationalized, politically appointed people put in charge. The banks managed back on track and now slowly sold back into the market again to make up for the loss. The shareholders got nothing when the banks where nationalized.
Sounds nice.
And that's how you permanently destabilize a market economy!
What’s it called when private equity steps in, buys it and then starts selling off chunks of it?