4 ms·
This seems a bit more personal than academic. I don't think there was ever a consensus that unions were bad. Not for the sake of capitalism. And I'm not sure ho
by tootie 3y ago
This seems a bit more personal than academic. I don't think there was ever a consensus that unions were bad. Not for the sake of capitalism. And I'm not sure how he equates reduced immigration with reduced inequality without controlling for a zillion other variables that were happening at the time. And I'm not really sure any of this stuff was ever really dogma among the academic circles. The benefits of free trade were generally accepted as prevailing wisdom and sold as a panacea by politicians, but no serious economist would refuse to accept new data when it was available.
- WalterBright 3y agoThere is nothing inherently wrong with unions. The trouble comes when they are given power that goes beyond market forces. It's the same problem as when the government gives monopoly protection to a corporation.
- danielmarkbruce 3y agoThis isn't talked about enough. It would be interesting to see unions play out in the modern world with pure market forces.