Is there any difference between OPEC and modern Unions?

I dare say “not”. OPEC limits the supply of a commodity that is plentiful all around the world, but because they sit on an ocean of oil they hold off the oil to insatiate the every whim whether vile or benovolent of the Sheiks that control the oil. On the other hand Unions hold off the supply of plentiful labor in the same fashion as OPEC and for the same reasons. They would rather see GM go bankrupt than offer a single concession. And with fairness to the UNION, GM didnt do much. But OPEC and UNIONS are designed to limit the surpluses thus driving the costs of labor and commodities upward costing consumers more money. When will we learn?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.