I agree except for the word "political". Unions destroyed Detroit by their cost far more than by their politics. Particularly the cost of the pensions and the work rules.
I agree except for the word "political". Unions destroyed Detroit by their cost far more than by their politics. Particularly the cost of the pensions and the work rules.
Political as in the political incentives of union leadership is to constrain entry into their electorate and extract rents for their members.