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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Steve Lokness who wrote (111682)5/17/2010 12:50:47 PM
From: Crimson Ghost11 Recommendations  Read Replies (1) of 116555
 
Clearly there have been abuses of union power (the Teamsters under Jimmy Hoffa and some public unions today), but unions have played a positive role in our society on balance by putting some limits on the increasingly unequal distribution of income. It is no accident that the generation long decline in union power coincides with a huge widening of income disparities in the United States.

These disparities have reached very dangerous levels IMHO, and the continuation of this trend could lead to political turmoil and violence on a scale not witnessed since the civil war.
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