A "Fantasy" Musing On The Auto Bailout- Ford, GM, Chrysler Workers Seize The Factories

Commentary

Everybody is now familiar with the heart-rending plaintive cries of the cash-starved Big Three automakers whose heads have recently come to Washington (via their private jets- very definitely a bad public relations move, but par for the course), hats in hand, looking for a $25 billion dollar bailout from the government. That means public tax money (you and me, radical or conservative, it does not matter) for their private use. We have become inured to the facts behind this increasingly familiar scene over the past few months as it has become patently obvious that the capitalist lineup that runs the corporations of America has run out of steam, ideas and anything else except the capacity to beg for alms. The hard reality though is that, frankly, we as workers, don’t (or shouldn’t) give a damn. Let these behemoths go under, along with their museum piece historical curiosities-the SUV’s and over-sized trucks that have clogged the highways the past few years.

But wait a minute. What about the fate of the auto workers who will be unemployed and left to dangle in the wind if the American auto industry closes down? Well, here is my “fantasy” solution. The worker militants in the auto industry have no interest in the capitalist nationalizing of this bankrupt industry any more than we had an interest in the de facto nationalizations of the banks and credit markets that have occurred in the recent past. Worker militants also have no interest in some bogus “worker control” of industry under the current capitalist regime that we have no hope today of having lead to a workers government. Therefore the only alternative is for those who produced the wealth, productively used or squandered, should seize the factories and other auto assets, sell them off and distribute the proceedings among the workforce. Preposterous, you say. Well let me give you the capitalist “alternative” scenario-one or more of these monsters goes belly up and either some other auto company buys into the mess or THEY sell the assets for themselves, their creditors and their stockholders. I believe that the expression is carpe diem, which seems about right under the circumstances.