Today's The New York Times includes a review of a book lamenting the closure of a GM plant in Wisconsin:
Earlier, we learned that another GM plant had been seized in Venezuela:
While it's difficult to know why the plant in Venezuela was seized, one thing is certain - in the US a corporation can turn a multi-billion dollar asset into a scrap heap whenever it wants to, no questions asked.
Does that make any sense to you?
I bet the workers in both locations could keep these plants running. Here's an example of how such a thing can be done:
Or does it make more sense to just scrap them and allow the corporations to take a tax write-off?