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Post by PaulG2 on May 29, 2016 22:37:22 GMT
China subsidizes their steel industry so much, there is no way non-Chinese companies can compete with them. The only way to keep China from someday having a corner on the steel market is to impose significant tariffs on Chinese steel and all products containing Chinese steel.
Before the government goes out and guarantees pensions for TATA, shouldn't they seize as much of TATA's assets as necessary to cover the pension liability first? I can see the government subsidizing the business in certain ways, but I would have a lot of conditions. A few would be that the CEO makes no more than 20 times what the average employee makes, that any and all bonuses go equally to the officers and employees and that all the monies used for subsidies comes from Tariffs on Chinese steel.
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