GM to Close Lordstown Plant

Lordstown

Trump did literally nothing to save the plant. Others could have provided incentives. Remember it was the US government that bailed out GM with 50 billion taxpayer dollars, losing $10 billion.

The sad truth, however, is that in the end the real power to stay or go is not a public decision but a private/corporate one. GM holds all the cards — like all corporations do on economic decisions. Was a time when tax abatements were tied to retaining or increasing jobs, but those have largely lost the power they once had due to corporations being able to play one community/state/nation against another.

Attaining political democracy can only go so far without movement toward economic democracy. p.s. Of course, GM stock soared on the announcement.

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