Trump Takes On General Motors (And Guess Who Wins?)

The real challenge is to make American workers great again. They don’t just need any job. They need good jobs, akin to those that GM’s unionized workers had a half-century ago. Most Americans haven’t had a raise in decades, considering inflation.

The difference between China and America is that big Chinese companies are either state-owned or dependent on capital from government-run financial institutions. This means they exist to advance China’s national interests, including more and better jobs for the Chinese people.

American corporations exist to advance the interests of their shareholders, who aren’t prepared to sacrifice profits for more and better jobs for Americans.  

If Trump were serious about his aims, he’d try to reduce the chokehold of Wall Street investors on American corporations while strengthening the hand of American labor unions.

Don’t hold your breath

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