| I don't know why I keep bothering to point this out, but the notion that "America no longer makes things" is absolutely, empirically, unassailably false. See this: http://research.stlouisfed.org/fred2/series/OUTMS And a prior discussion of the topic. http://news.ycombinator.com/item?id=3803022 Anybody who starts a discussion decrying the death of manufacturing in America is selling you something, and it's not a manufacturing job. Sidebar: This quote! "The workforce and the union offered to buy it, take it over, and run it themselves. The multinational decided to close it down instead, probably for reasons of class-consciousness." Aside from the fact that this story is clearly made-up, the idea that a profit-seeking corporation would favor "shutting down" an asset rather than selling it because it fears an uprising of the working class is just about the stupidest fucking thing I've ever heard. |
Profit-seeking corporations aren't immune to stupidity and pettiness. Another reason not to sell it is to prevent the emergence of a competitor.