2min chapter

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#349 – Bhaskar Sunkara: The Case for Socialism

Lex Fridman Podcast

CHAPTER

GM Is the Most Efficient and Ford Is the Second Most Efficient

GM is the most efficient and Ford is the second most. This is just sectoral or actually in this case centralized wage bargaining. So setting the wages at a level that Ford can afford would benefit GM because they're drawing what we could call excess profits.

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