Hence control of the labor market becomes quasi-nationalization. State control of a company's human resources is a huge part of the problem in France, Germany and Japan today. Management cannot adjust to market changes because of restrictive labor laws and regulations. STW will have us share their pain and their pathology. In closing, I find it truly amazing that a handful of utopian socialists could hornswoggle a bunch of alleged capitalists into participating in a program that transfers ownership from them to the state while increasing their taxes.
Entrepreneurs make decisions that affect their personal equity.
Fortune 100 managers make decisions that affect other people's investment. The nature of the two risks are very different. Business needs to rethink its support for STW while it still can.