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From where I see it, some of this is exactly what I have been frequently trying to say:
From Tom's link:
Adam Smith wrote over 200 years ago that
“people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
In this above quote, and other references in Tom's link, substitute the principle "labor union meeting" for "corporation board meeting", and you will find that they are the same creature in different cloaks, each subject to a united selfishness for their own benefit. Corporations are, in effect, unions of business owners, in it strictly for their own power and monetary gain. Too much power in the hands of any few, is not a good thing, the principle that drove Barry Goldwater to tackle labor unions so long ago. Now the shoe is wholly on the other foot. We as a nation, again walk precariously unbalanced.
Another quote:
"These capitalists generally act harmoniously and in concert, to fleece the people."
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Abraham Lincoln
Or substitute union members for capitalists and read,
"These union members generally act harmoniously and in concert, to fleece the people.".
In effect a union member, too, acts as a capitalist trying to power leverage his best possible wage during negotiation.
I always thought Honest Abe called a spade a spade, so is this a spade or not?
Wes
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