And where would General Motors' workers be without the Union of Automobile Workers? Probably in well-paid secure employment, suggests George Reisman. So who's ultimately to blame then for their present predicament, and for that of Ford and Chrysler as well? Can you guess?
Few things are more obvious than that the role of the UAW in relation to General Motors has been that of a swarm of bloodsucking leeches, a swarm that will not stop until its prey exists no more.LINKS: Where would General Motors be without the United Automobile Workers Union? - George Reisman's Blog
It is difficult to believe that people who have been neither lobotomized nor castrated would not rise up and demand that these leeches finally be pulled off!
Perhaps the American people do not rise up, because they have never seen General Motors, or any other major American business, rise up and dare to assert the philosophical principle of private property rights and individual freedom and proceed to pull the leeches off in the name of that principle...
One of the ugliest consequences of the loss of economic freedom and respect for property rights is that it makes such spinelessness and gutlessness on the part of businessmen—such amorality—a requirement of succeeding in business.
Auto bailout seems unlikely - NY Times
TAGS: Politics-US, Politics, Economics