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this post was submitted on 20 Dec 2023
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GenZedong
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Exactly, it's not a "win" for American workers, except perhaps in the limited sense that Japanese management is maybe a bit less likely to run the company into the ground. But it is a symptom of America's terminal decline as an industrial power.
Also, US Steel is a merger of several companies founded by the 19th century "robber baron" industrialists, who are still held up as more-or-less flawed heroes in the US. If it weren't for the effect on workers, one might feel a certain schadenfreude at this turn of events.