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A union is, in an economic sense, a cartel. Their job is to restrict supply of labour so that the price they can demand for it increases, making their members m
by missedthecue 6y ago
A union is, in an economic sense, a cartel. Their job is to restrict supply of labour so that the price they can demand for it increases, making their members more money. This is why it takes over a year to join the plumbers or electricians union in many states and why it takes over 10 years to join the longshoremens union.
I am against all cartels as a matter of principle, be they the ILWU or OPEC.
- sukilot 6y agoOK. I'm against corporations as matter of principle. A corporation is also a cartel.
- missedthecue 6y agoA corporation is a legal entity that provides some liability protection, and is not a cartel in any sense. Several corporation can collude to form a cartel, but a corporation in and of itself does not in any way meet the definition.