Would socialism stop companies from moving jobs overseas?
Why would worker owned companies close their factories to move overseas for less pay?
Why would worker owned companies close their factories to move overseas for less pay?
Zirp
Favorite Answer
that's the idea, yes. If workers own their factory and enjoy the profits, they won't move production abroad and make themselves unemployed.
However, the Mondragon corporation does invest in foreign countries
Andrew Smith
It may work. But there is a caveat. If someone else can set up a factory elsewhere and create things more cheaply then the local company tends to go bankrupt. You can have a level of protectionism to counter this. But that leads to a lower standard of living for others so they would vote against it. No one seems to realize that a nation is like a boat. If everyone keeps drilling holes through the bottom you ALL sink.
Ron
Soon the government will be taking over businesses so they can pay all the illegals and thugs to work for them
Anonymous
People are fleeing in droves from socialist Venezuela
Anonymous
Social Security, Medicare, public roads, bridges, and Libraries are forms of "Socialism".