Welcome to the post-financial crash era: the age of subsidies
The financial crash hit end of 2008. We suffered in 2009, we are paying for the honour to keep businesses afloat in 2010.
I thought I was living in a capitalist country and continent, and that communism was dad in Western-Europe. I was wrong. The West, the USA included, has “saved” banks by pumping obscene amounts of money in them, despite their management’s unwillingness to clean up the mess behind them.
Now, in Europe, GM has decided plants will stay open and have cars rolling out again, but only if the European countries where they have plants, are willing to pay what is nothing less than subsidies.
That’s taxpayer’s money –the dreaded word. I’ll repeat that in a slightly different form: we are all going to pay for your car, my car, his/her car.
If we are going back to the time of subsidies anyway, why not tell GM to take a hike and pay out the 2.5 billion they’re asking directly to workers? We’ll be subsiding them for doing nothing, but at least the money will be spent in Europe again, and not be parked into some GM boss’s offshore account somewhere.