"Thanks to us being trained and well-organized, all of us workers reopened the factory and put it into production. We took over the factory to protect the rights of the workers. We enforce the food policies inside our homeland of Simone Bolivar and Chavez. Now, Kellogg’s company here is a socialist enterprise. The basic principles of our socialist enterprise are to dignify the work of our working class, increase the levels of production, guarantee that the equipment is highly maintained, produce good quality products, in a fair price and to be a self-sustainable company to contribute to the economic development of the country,” says Orlando Contreras, beaming with pride.MR Online
The workers have increased the production from two cereal types to four. Two week ago, they also contacted the Ministry of Labor to visit the factory and support the workers by increasing sales. The workers asked the Ministry of Labor to prioritize selling their “Socialist Kellogg” cereal and increase the number of places their cereal is sold, since it is all produced in Venezuela, unlike the other imported cereal brands. With more sales, they can increase the production and worker salaries and benefits.
After the takeover, the workers now have an important voice in the company, which they never had before....
Workers take over a Kellogg factory, now known as ‘Socialist Kellogg’
Originally published: Fight Back News
2 comments:
The workers asked the Ministry of Labor to prioritize selling their “Socialist Kellogg” cereal and increase the number of places their cereal is sold, since it is all produced in Venezuela, unlike the other imported cereal brands.
A nation's imports finances its exports. It puts your currency in the hands of foreigners, who can then buy your exports. Venezuela will lose jobs in the export sector.
It's been empirically determined that each 1% increase in the ratio of trade to GDP will increase GDP by 1/2%. So this makes everyone poorer.
A quote and link about trade related to my previous comment (bold mine):
To address this problem, a third approach to measuring the effects of trade, proposed by the economists Jeffrey A. Frankel of Harvard and David C. Romer of the University of California, Berkeley, focuses on geography. Some countries trade less because of geographic disadvantages.
For example, New Zealand is disadvantaged compared with Belgium because it is farther from other populous countries. Similarly, landlocked nations are disadvantaged compared with nations with their own seaports. Because these geographic characteristics are correlated with trade, but arguably uncorrelated with other determinants of prosperity, they can be used to separate the impact of trade on national income from other confounding factors.
After analyzing the data, Mr. Frankel and Mr. Romer concluded that “a rise of one percentage point in the ratio of trade to G.D.P. increases income per person by at least one-half percent.” In other words, nations should take the theories of Smith, Ricardo and Melitz seriously.
source: Why Economists Are Worried About International Trade
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