3 ms·
Well, that's exactly the point. Just as corporations extract questionable value from society on behalf of their owning structure, unions extract questionable va
by wfo 10y ago
Well, that's exactly the point. Just as corporations extract questionable value from society on behalf of their owning structure, unions extract questionable value from society on behalf of the workers. They are a similar-in-kind counterweight to corporate power, so it stands to reason they do similar things.
As it turns out in capitalism "extracting questionable value from society and taking it for yourself" is really the currency of power so an organization that doesn't do that is completely toothless and may as well not exist.
- crusso 10y agoBut where corporate power with labor is scoped to each specific corporation, union power often crosses to many corporations, often even crossing to different industries. Many industries have needlessly suffered and died at the hands of overpowered unions. Capitalism rarely extracts questionable value from society, and when it does it's normally the result of government interference in an industry in order to advantage one business vs another - creating non-value-based power imbalances like monopolies. To the contrary, Capitalism has been proven time and again to provide maximum value for society.
- Frondo 10y agoWow! Many industries have "suffered and died" at the hands of unions? That is an amazing claim.
- Ericson2314 10y agoSMH at the libertarians who beleive competition magically always maintains itself in a free market.
- jlawer 10y ago>Capitalism rarely extracts questionable value from society, and when it does it's normally the result of government interference in an industry in order to advantage one business vs another - creating non-value-based power imbalances like monopolies. May I suggest cigarette / smoking advertising?
- bobbington 10y agoThe problem is not unions or corporations per se, but when the government intervenes to unfairly benefit them.