3 ms·
Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is. The Logic of Collective Action explains the mechanics. https://en.w
by specialist 4y ago
Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is.
The Logic of Collective Action explains the mechanics. https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action
It's basically game theory, by another name.
- philwelch 4y ago> Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is. "Preventing defectors from collective bargaining" is also, more or less, the definition of what an economic cartel does.
- notfromhere 4y agoCompanies are an economic cartel for capital, but we’ve don’t take their existence as a controversy