4 ms·

>Why is union-related collective ruin anathema, but elite-driven ruin is seen as an acceptable price to pay? Enron, the Great Recession, etc. What are you talk

by seneca 10mo ago

>Why is union-related collective ruin anathema, but elite-driven ruin is seen as an acceptable price to pay? Enron, the Great Recession, etc. What are you talking about? Multiple people were convicted over the Enron scandal, including some serious prison terms.

overfeed 10mo ago
> What are you talking about? I am pointing out that some commenters here are grading Unions and CEOs on different curves on the issue of negative outcomes, and the alleged union bogeyman is a frequent occurrence at ununionized organizations. > Multiple people were convicted over the Enron scandal, including some serious prison terms. That is great, and should have been a deterrent for more ruinous shenanigans. Which CEOs got arrested for the subprime mortgage heists that triggered the 2008 GFC? The GFC made Enron look like jaywalking, I'm sure dozens of executive received life sentences and entire banks shuttered for their malfeasance and lack of internal controls. Right?
autoexec 10mo ago
The longest time an enron CEO spent behind bars was 12 years. Richard DeLisi was sentenced to 90 years for a nonviolent marijuana charge and spent over 30 behind bars before being pardoned. Kind of puts "serious" prison terms in perspective.
cogman10 10mo ago
Who got convicted over Sears, KMart, and Toy's R Us? How about the slap on the wrist for the Sacklers for supercharging to opioid epidemic? What happened the the CEOs of GE from Jack Welsh on who steered the company on into the ground primarily through layoffs and cut-throat business management? There's plenty of examples of business owners driving a company into the ground to personally enrich themselves.
- AnthonyMouse 10mo ago
  Not all of those were instances of the management purposely screwing people, but let's suppose some of them were. Should the conclusion then be that we should find ways to prevent that from happening again, or should it be that two wrongs make a right?
  - cogman10 10mo ago
    Not all businesses fail because of unions, but let's suppose some of them did. Should the conclusion then be that we should find ways to prevent that from happening again, or should it be that two wrongs make a right? It goes both ways. There are plenty of nations with strong unions throughout. In the US some work is primarily done by unions (such as trade work). The fact that someone can pull up an example where a union caused a business to go under doesn't make me think "we should eliminate unions". It doesn't even make me think "We should limit union negotiation powers" primarily because unions rights have been curtailed since the Reagan era. If you wanted to convince me to get rid of unions, you'd do it by setting up robust workers rights nationally which unions provide.
    - AnthonyMouse 10mo ago
      > It goes both ways. That's the point. We should prevent management from destroying productive companies and prevent unions from doing it, instead of saying "what about those other guys" to justify the bad behavior of either of them. > In the US some work is primarily done by unions (such as trade work). You're referring to some of the least efficient industries in the US with high levels of regulatory capture. The fact that there is no test-based path to occupational licensing in many trades, only multi-year "apprenticeship" (i.e. permission from an incumbent), is one of the big reasons construction costs so much, people can't afford housing and government construction projects consistently blow the budget. > If you wanted to convince me to get rid of unions, you'd do it by setting up robust workers rights nationally which unions provide. Most "worker protections" are nothing better than highly inefficient alternatives to unemployment insurance. If you have competitive markets then you don't need regulatory protections because companies are subject to competitive pressure. If you don't have competitive markets then you're unconditionally screwed and the first thing you need is to fix that.
      - overfeed 10mo ago
        > We should prevent management from destroying productive companies and prevent unions from doing it, instead of saying "what about those other guys" to justify the bad behavior of either of them. Im not justifying anyone, I'm suggesting a pragmatic, imperfect solution to a clear power imbalance. There's only one way to treat a counterpart who repeatedly defects on the iterated prisoners dilemma, and its not waiting for them to unilaterally start cooperating.

by seneca 10mo ago

overfeed 10mo ago

> What are you talking about? I am pointing out that some commenters here are grading Unions and CEOs on different curves on the issue of negative outcomes, and the alleged union bogeyman is a frequent occurrence at ununionized organizations. > Multiple people were convicted over the Enron scandal, including some serious prison terms. That is great, and should have been a deterrent for more ruinous shenanigans. Which CEOs got arrested for the subprime mortgage heists that triggered the 2008 GFC? The GFC made Enron look like jaywalking, I'm sure dozens of executive received life sentences and entire banks shuttered for their malfeasance and lack of internal controls. Right?

autoexec 10mo ago

The longest time an enron CEO spent behind bars was 12 years. Richard DeLisi was sentenced to 90 years for a nonviolent marijuana charge and spent over 30 behind bars before being pardoned. Kind of puts "serious" prison terms in perspective.

cogman10 10mo ago

Who got convicted over Sears, KMart, and Toy's R Us? How about the slap on the wrist for the Sacklers for supercharging to opioid epidemic? What happened the the CEOs of GE from Jack Welsh on who steered the company on into the ground primarily through layoffs and cut-throat business management? There's plenty of examples of business owners driving a company into the ground to personally enrich themselves.

AnthonyMouse 10mo ago
Not all of those were instances of the management purposely screwing people, but let's suppose some of them were. Should the conclusion then be that we should find ways to prevent that from happening again, or should it be that two wrongs make a right?
- cogman10 10mo ago
  Not all businesses fail because of unions, but let's suppose some of them did. Should the conclusion then be that we should find ways to prevent that from happening again, or should it be that two wrongs make a right? It goes both ways. There are plenty of nations with strong unions throughout. In the US some work is primarily done by unions (such as trade work). The fact that someone can pull up an example where a union caused a business to go under doesn't make me think "we should eliminate unions". It doesn't even make me think "We should limit union negotiation powers" primarily because unions rights have been curtailed since the Reagan era. If you wanted to convince me to get rid of unions, you'd do it by setting up robust workers rights nationally which unions provide.
  - AnthonyMouse 10mo ago
    > It goes both ways. That's the point. We should prevent management from destroying productive companies and prevent unions from doing it, instead of saying "what about those other guys" to justify the bad behavior of either of them. > In the US some work is primarily done by unions (such as trade work). You're referring to some of the least efficient industries in the US with high levels of regulatory capture. The fact that there is no test-based path to occupational licensing in many trades, only multi-year "apprenticeship" (i.e. permission from an incumbent), is one of the big reasons construction costs so much, people can't afford housing and government construction projects consistently blow the budget. > If you wanted to convince me to get rid of unions, you'd do it by setting up robust workers rights nationally which unions provide. Most "worker protections" are nothing better than highly inefficient alternatives to unemployment insurance. If you have competitive markets then you don't need regulatory protections because companies are subject to competitive pressure. If you don't have competitive markets then you're unconditionally screwed and the first thing you need is to fix that.
    - overfeed 10mo ago
      > We should prevent management from destroying productive companies and prevent unions from doing it, instead of saying "what about those other guys" to justify the bad behavior of either of them. Im not justifying anyone, I'm suggesting a pragmatic, imperfect solution to a clear power imbalance. There's only one way to treat a counterpart who repeatedly defects on the iterated prisoners dilemma, and its not waiting for them to unilaterally start cooperating.