PrintAugust 26, 2008
Change you can believe would wreck the economy
Home Depot founder Bernie Marcus writes this morning in the Wall Street Journal about the Orwellian-named "Employee Free Choice Act." Speaking from experience, Marcus sounds the alarm that EFCA "would virtually guarantee that every company becomes unionized." He also notes a little noticed provision of EFCA that would give federal arbitrators unprecedented ability to set a company's wages.
Thus does the government take over control of private business without nationalizing it, supplying plausible deniability of the "socialism" label.
The track record of unions in wrecking the automobile and steel industries provides a blueprint for hindering the felxibility that has made nonunion industries flexible enough to adjust to the rapidly-changing dynamic of the world economy.
The track record of unions in wrecking the automobile and steel industries provides a blueprint for hindering the felxibility that has made nonunion industries flexible enough to adjust to the rapidly-changing dynamic of the world economy.
