WSJ: Unions Can Be a Good Thing – Or Not

Stacy Summary: WSJ on the four ways that unions can be a good thing, and one not.

49 comments on “WSJ: Unions Can Be a Good Thing – Or Not
  1. Chundernuts says:

    noooooooooooooooo unions bad, all you need is the fwee markit!

  2. Chundernuts says:

    http://geraldcelentechannel.blogspot.com/

    two thirds down the page, Webster Tarpley talking about labour (labor for you provincials)

  3. Youri Carma says:

    Webster Tarpley Talking about Unions on World Crisis Radio 4 September 2010 http://tarpley.net/world-crisis-radio/

    Download MP3 on page.

  4. Mike/Liverpool says:

    Morning Gang!
    Mike

  5. Did anyone hear Nicole M Foss on Financial Sense there recently? I’ve never heard of her before but I thought she was excellent. (she is a former editor of theoildrum.com)

    Interview can be listened here.
    http://www.financialsensenewshour.com/broadcast/fsn2010-0904-2.mp3

    It’s insanely complex! All of these systems have been driven up by, well, energy subsidies, for one thing, we’ve had the largest energy subsidy in the history of the world, with fossil fuels, over decades and decades. Plus we’ve had this constant pressure to increase the money supply. So money has got further and further removed from any kind of underlying real wealth, there’s this creation of excess claims to underlying real wealth, which is what I would argue is the setup for deflation as those claims are actually extinguished. But, it’s a combination of energy and credit that have driven the situation on the way up and absolutely we have an unbelievable, unprecedented level of socioeconomic complexity.

    ….the wealthy have benefitted from all this complexity. The poor have not at all, it really has not touched them except maybe negatively in terms of conflict over the resources that they happen to be sitting on and them being driven off their land so the wealthy can exploit those resources.

  6. Youri Carma says:

    China official affirms ‘sound’ ties with U.S. http://www.marketwatch.com/story/china-official-affirms-sound-ties-with-us-2010-09-06

    The two sides are expected to touch on tricky issues that include China’s currency policy, its persistent trade surplus with the U.S., rising military tensionsin the South China Sea, and disagreement over U.S. arm sales to Taiwan, the report said.

  7. Dedo says:

    I agree,.. there is merit in a de greed system of she(E)pherding,….HAIL THE ONION! hip hip hooray,…. : )

  8. Youri Carma says:

    China, which this year passed Japan to become the world’s second-largest economy, has a 3.65 percent voting share, compared with Japan’s 6.01 percent.

    The U.S., the IMF’s largest shareholder with 16.7 percent of the voting power, is the only country that can wield a veto on measures that require 85 percent approval.

    Without an agreement by November, the board would revert to its original size, with India and Brazil losing a seat.

    The number of European seats at the board varies from eight to nine depending on the year. Germany, France and the U.K. have their own vote along with the U.S. and Japan. Countries such as Switzerland and Belgium have executive directors who represent a group of nations.

    Meeting today and tomorrow in Brussels, European officials are under pressure to reduce the number of their seats to give emerging economies more voice. They’re rushing to respond to a U.S. decision last month to block a proposal to maintain the IMF board in its current 24-seat form.

    Prasad said that seats of the Netherlands and Belgium are the most likely to be targeted by Europeans. They could, for instance, merge into larger European seats, leaving room for the creation of a third African seat, he said.

    “It is a very tense situation because the U.S. has essentially forced the hands of the Europeans,” said Eswar Prasad, a senior fellow at the Brookings Institution and a former IMF official, in an interview. “It is bringing the issue to a head in a way that I don’t think either the IMF or the Europeans wanted it.”

    From: EU to Defend Its Clout at IMF as U.S. Seeks Overhaul http://www.bloomberg.com/news/2010-09-05/europeans-to-defend-imf-clout-as-u-s-seeks-wider-emerging-market-role.html

  9. Youri Carma says:

    How Convenient …

    Yuan Advances Most in Two Weeks as Obama Adviser Visits China http://www.bloomberg.com/news/2010-09-06/yuan-gains-most-since-june-21-as-dollar-drops-obama-adviser-visits-china.html

  10. Workers of the world unite 2.0 or not Gerald!!whaahaha.

    In the meantime the pillaging continues!
    All aboard for the LithiumTrain chookachook!!
    http://burnafterreading.nationaljournal.com/2010/06/afghanistan-gets-first-railroad.php
    Trains good Planes Bad!! WHOOwhoo!
    Tanks NOAGENDA!
    http://www.nagendashow.com

  11. F. Beard says:

    Good afternoon Stacy.

    All government backing for unions should be eliminated STARTING with the government backed counterfeiting (banking) cartel.

    I have nothing against voluntary unions though.

    Dante assigned bankers to one of the lower levels of Hell. No wonder, considering the damage they do.

  12. F. Beard says:

    U.S. should borrow to fund massive stimulus, says Duncan youri

    Debt relief is needed but it should not be borrowed. The US Treasury should simply create some new legal tender fiat (United States Notes) for that purpose. Government borrowing of money is absurd when it can simple create the stuff debt and interest free.

  13. F. Beard says:

    Around 30 wind farms have been built in Sicily, with another 60 planned, often to the anger of local people, who say they blight an otherwise picturesque landscape. Dino Leggio, 33, a barman in Corleone, claimed that many of the turbines that now dotted the island made money only for politicians and the Mafia.

    “Nobody consulted ordinary people about putting up these huge great things,” he told The Sunday Telegraph. “They are very tall, and very ugly. Before they start pumping millions of euros into wind farms, they should fix the roads, which are in a terrible state.” from Mafia Cash in on Lucrative EU Wind Farm Handouts – Especially in Sicily

  14. Fiatmentalist says:

    Its a shame Thatcher destroyed the Unions. The Unions did ask for it, confusing protection of the individual worker with some bullshit Marxist ideology, that and being promised a place on the house of Lords.

    Now all the protection we have from the fascists running amuck with the system are a bunch of American Conspiracy Theorists, and David Icke,and Bonn. Best they can offer is to buy 3 years worth of food, Gold, guns ammo,move to the hills ect. Thats Neoliberalisim for ya.

    But what to you think Stacey? What does Max think?

    http://www.dailypaul.com/node/97314

    History of unionisation is not government approved history.

  15. Dedo says:

    Ref Un I ons,…
    Here’s something to memorize,… The reason why all social structures collapse is: the ideological demand for security is met by a political supply of tyranny. That’s the reason. It’s a supply and demand situation!
    go figure,… : )

  16. Dedo says:

    Security is the lowest form of happiness, the minimum amount of food to survive, the minimum amount of whatever is necessary to prevent extinction as an individual being. Every thing beyond that is additional profit to the individual and is beyond the security requirements. It is not only important to get security; it is urgent. If you don’t achieve it, everything else will fail for lack of survival.
    This is where the “austerity agenda” is planning to bring us,… to save the planet of course!

  17. Dedo says:

    In the Kabbala and in the writings of Plato we find references to the creation of man, woman, and a third sex. The latter was driven from society, being called the deviant creation. This third sex, is referring to homosexuality. The “Golden Age” is their metaphor for a time when their high-priests ruled the world. By understanding the nature (science) they could dominate man and woman. Their symbols of power were, the swastika, the six pointed star, pyramids, lions, bulls and obelisks (spires). They were masters of illusion. go figure,.!

  18. Marc Authier says:

    The main way people make their living is by offering their labor, not day trading, thus the need to have bargaining power. There is always entrepreneurship but let’s say socialism as fascist banksterism is not knig for the isolated smal entrepreneur.

    Unions are just a reaction against the excesses of those who detain capital. There is one sector that should be scaled down unions benefiting of monopolies or related to state monopole like the godamn fedral government but also the others.

    The same can be said for corporations the corporatists professionnal organizations. In general unions are needed specially when you have to fight against concentrated oligopolistic capital.

  19. Dedo says:

    The god on the left is self absorbed in the perfection of his Washington Monument:
    http://upload.wikimedia.org/wikipedia/commons/6/61/Musei_vaticani_-_base_colonna_antonina_01106.JPG

  20. Marc Authier says:

    Happy Labor Camp Day today in the USA !:)

    In Asia they call it the Sweat Shop Celabrations. :)

  21. Dedo says:

    Yeah,…..hurry up and get back to work you lazy bums,…I’m loosing money,…. : )

  22. Illinois Brandon says:

    The modern Union movement is America is bascially a public sector lobby. With the loss of 8 million manufacturing jobs we now have 11.5 million jobs in that vital sector in the 70′s we had nearly 20 million this has made the union movement pretty much a non factor in the private sector. Remember Steel workers, Auto workers and so on were all union. Today you have non union mills in the South and also non union Auto production plants owned by foreign OEM’S.

  23. Gordo says:

    No nation has become rich without powerful unions at some point in the recent past.

    Possible exceptions would be Kuwait, Qatar, UAE?

  24. F. Beard says:

    ScienceDaily (Sep. 6, 2010) — The Greenland and West Antarctic ice caps are melting at half the speed previously predicted, according to analysis of recent satellite data. from Melting Rate of Icecaps in Greenland and Western Antarctica Lower Than Expected

    It turns out the seafloor is sinking to compensate (partially) for the melting ice on land. Thus as ice on land melts, the land rises and the sea floor around it sinks.

  25. F. Beard says:

    Unions would not be necessary if banks and the corporations that borrow from them were not allowed to loot capital through money creation.

  26. Gordo says:

    @ F. Beard

    “Unions would not be necessary if banks and the corporations that borrow from them were not allowed to loot capital through money creation.”

    Come on Beard, there are things such as power balances and power vacuums. There will always be those that have power that will try to extend that power if they are not apposed. Slavery was not ended by not apposing its continuation. Our debt peonage will not be stopped by flipping some monetary switch.

  27. F. Beard says:

    Our debt peonage will not be stopped by flipping some monetary switch. gordo

    It will take a two step process:

    1) Bailout the victims of the current system with a distribution of new legal tender fiat to the entire population.

    2) implement fundamental reform to eliminate the privileges of the banking cartel to prevent the problem from reoccurring.

  28. Jayme says:

    “Around 30 wind farms have been built in Sicily, with another 60 planned, often to the anger of local people, who say they blight an otherwise picturesque landscape.” – F Beard

    http://www.huffingtonpost.com/2010/07/26/largest-wind-farm-kern-co_n_659672.html

  29. naomi says:

    The five day work week and eight hour work days happened because of people fighting tooth and nail in the US for many, many years to get it. It did not happen because of “free markets” (which we do not have in this country)

  30. F. Beard says:

    The five day work week and eight hour work days happened because of people fighting tooth and nail in the US for many, many years to get it. naomi

    Without the government backed counterfeiting (banking) cartel to borrow from, then corporations might well have been forced by labor to issue new common stock as wages. As common stock holders, labor would be part owners of the corporations so thus able to influence their policies.

    The banking cartels are the root of very much evil.

  31. microhousehold says:

    Too much concentration of power is never good, not for the unions
    and not for the investors, neither for the consumers.
    Biodiversity is a good thing.

  32. F. Beard says:

    Biodiversity is a good thing. microhousehold

    A balance of power is indeed a good thing.

  33. chArles says:

    @ F. Beard

    “Unions would not be necessary if banks and the corporations that borrow from them were not allowed to loot capital through money creation.”

    Please Miner Bird learn a new tune…so long as there is an inbalance in distribution in power relation collective bargining is vital to offset the lost of individual power
    dominant powers want every one to act as lone individuals…Balkanizing the populace is the same strategy that power uses against nation states….

  34. Jayme says:

    Correlation is not cause. Unions arise out of protest to the impish behavior of corporations. When a market is stable, unions are sustainable. Unions are just as self serving as corporations and neither has a place if there is no reason for a market. Corporation arises first, then the unions. Corporations relocate or die due to market shift, unions wither.

    The problem is to give the corporate legal framework a heart (a conscience). Unions are a reactionary consequence of no heart but they are not in and of themselves, a heart. Perhaps executives liability and unlimited liability caps would move in this direction along with no externalities. Corporations should be liable to the stake holders of the region they reside and not the shareholders (got this one from chomsky). :-)

  35. F. Beard says:

    Please Miner Bird learn a new tune…so long as there is an inbalance in distribution in power relation collective bargining is vital to offset the lost of individual power
    dominant powers want every one to act as lone individuals…
    chArles

    Indeed! Except they are hypocrites since they use the power of government to enforce their money monopoly.

    I have nothing against voluntary unions. To have government backed unions, however, is to play the same game as the bankers.

    Why do I play the same tune? Because everything else has been sung before and found wanting.

    However, as long as the bankers insist on their government privileges, I fully support all needed socialism to compensate their victims. However, I oppose any additional government backed looting classes such as public unions.

  36. chArles says:

    uhmmmm Jesus where to begin…I know I know UNION BAD, Masser Charlie told us so..so iyt must be true

    Corprations arose out of the need to do large scale projects and escape individual liability…their operation should have always been under a limited time frame…Unions arose out of crafts and trades, you want a block mason or plumber, then you hire out of the guild…the need for Unions is by diffinition more necessary in a society, than Corprations…which is only needed if you want large centralized enterprises….but parrot your narratives never questioning their orgin…UNION BAD…LABOR BAD…LABOR THUGS…LABOR GREEDY

    Miner birds chirp chirp

  37. chArles says:

    @ I have nothing against voluntary unions. To have government backed unions,

    WTF does this even mean!!!!! what is a GOVERNMENT BACKED UNION!!!!
    because I know you are not referring to the old CIO fight, where big biddness in colaberation with their toadies in govmint decided to RED BAIT that Labor union forcing it to merge with AFL which was a Biddness friendly union (meaning its leaders were reasonable Definable as “on the take”) or the campaign by the Guvmint for Big Biddness against the IWW and inprisoned all it its leaders, solitary confinment until they died of consumption

    SO WTF IS GUVMINT BACKED UNIONS!!!!

    learn LABORS History in your country

  38. F. Beard says:

    @Chucky,

    Reading comprehension isn’t your strong suit, is it? I have nothing against voluntary unions such as guilds. But don’t expect me to support another government backed looting class such as government backed unions.

  39. F. Beard says:

    What is a government backed union? Some states have laws that require union membership to get a job. Those states have government backed unions.

  40. barry says:

    unions are good ” collective bargaining” with greedy power and growth obsessed businessmen

    but bad for government controlled bossiness because the unions pay off the corrupt politicians with favors and no one looks out for the tax payer.Where is the “collective bargaining”?

    two different animals with the same name.

  41. chArles says:

    @What is a government backed union? Some states have laws that require union membership to get a job. Those states have government backed unions.

    like what? fire, police, teachers? you also have to be liscensed to enter into fields and be approved…the unions in those respected field arte doing their historical function…namely certification….as to your RIGHT TO WORK JUNK….well don’t milk your wage off of a Union man’s back…you want to walk in the door at X you better understand the reason they pay X is the Union’s sweat and blood

    your statement is nosense Beard…there is no Government Union PERIOD….therer are Union workers contracted out to mainly Guvmint service…but tain’t a guvmint union…if you can’t tell the difference its just goes to show Masser Charlie did a good job on you

  42. chArles says:

    @ Some states have laws that require union membership to get a job.

    name the states and the Jobs please…there are some states Arkansas and South Carolina that have in their constitutions all elected guvmint officials have to be of a Christian faith…doubt if you get red in the face about that

  43. F. Beard says:

    if you can’t tell the difference its just goes to show Masser Charlie did a good job on you Chuckie

    Well, I don’t care. The highest priority target for me is the banking cartel. Almost all evils flow from that even including the need for unions.

  44. F. Beard says:

    are some states Arkansas and South Carolina that have in their constitutions all elected guvmint officials have to be of a Christian faith…doubt if you get red in the face about that Chuck

    As a matter of fact I do oppose that. The truth needs no government privilege.

Access The Max Keiser Podcast
Weekly Downloads, live Q & A Session and exclusive video posts from Max and Stacy

Subscribe Learn More
Buy Gold Online
Buy Gold Online
Watch the latest Keiser Reports:


Watch our Google Hangouts: