harmoniousmonk
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https://www.bloomberg.com/view/arti...d-great-things-for-the-american-working-class
In a 1979 paper entitled “The Two Faces of Unionism,” economists Richard Freeman and James Medoff argued that “by providing workers with a voice both at the workplace and in the political arena, unions can and do affect positively the functioning of the economic and social systems.”
So supporters of free markets should rethink their antipathy to unions. As socialism gains support among the young, both economists and free-market thinkers should consider the possibility that unions -- that odd hybrid of free-market bargaining and government intervention -- were the vaccine that allowed the U.S. and other rich nations to largely escape the disasters of communism in the 20th century.
In a 1979 paper entitled “The Two Faces of Unionism,” economists Richard Freeman and James Medoff argued that “by providing workers with a voice both at the workplace and in the political arena, unions can and do affect positively the functioning of the economic and social systems.”
So supporters of free markets should rethink their antipathy to unions. As socialism gains support among the young, both economists and free-market thinkers should consider the possibility that unions -- that odd hybrid of free-market bargaining and government intervention -- were the vaccine that allowed the U.S. and other rich nations to largely escape the disasters of communism in the 20th century.