Hello Prof. Wolff,
When an industry becomes socially unacceptable, such as the tobacco industry some decades ago and now the coal industry, the US spends money to ease the transition for those in that industry. This money in the case of tobacco mostly ended up with the corporations and the leaders of the corporations rather than for the re-training of the workers. The situation for coal miners may be even worse with the recent growth of the for-profit education industry.
How would this situation be different in a socialist society?
aacr2r118 karma
Hello Prof. Wolff, When an industry becomes socially unacceptable, such as the tobacco industry some decades ago and now the coal industry, the US spends money to ease the transition for those in that industry. This money in the case of tobacco mostly ended up with the corporations and the leaders of the corporations rather than for the re-training of the workers. The situation for coal miners may be even worse with the recent growth of the for-profit education industry.
How would this situation be different in a socialist society?
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