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March 02, 2005

A Little History: Where Labor Could Have Saved Detroit

A nice little history lesson over at Demagogue about how much more visionary the car industry unions were compared to management in preparing for competition from abroad:

Michael Beschloss, who edited the transcripts, introduces a Jan. 25, 1964 conversation between LBJ and Defense Sec. Robert McNamara (former CEO at Ford Motor Co.) "Walter Reuther, president of the United Auto Workers union, has proposed to Johnson that the government help create a new American company to produce small cars, competing with Volkswagen ..."
Conservatives always try to blame labor for the decline of unionized industries, but they never seem to blame those who actually made the stupid investment decisions that allowed Japan companies to take over the industry-- and ignoring the fact that Japanese companies were themselves unionized.

Posted by Nathan at March 2, 2005 08:55 PM