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Old 11-02-2009, 10:23 AM   #1
Le Jacquelope
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Organized labor vs Organized management

Why is it more wrong for workers to protect their own interests than it is for CEOs and upper management to protect their multimillion dollar salaries while, say for instance, their company is producing gas guzzling cars no one wants to buy?
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Old 11-02-2009, 10:48 AM   #2
KingOrfeo
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"We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate ... Masters, too, sometimes enter into particular combinations to sink the wages of labour even below this rate."

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

-- Adam Smith
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IX. The Courtyard

It was the city I had known before;
The ancient, leprous town where mongrel throngs
Chant to strange gods, and beat unhallowed gongs
In crypts beneath foul alleys near the shore.
The rotting, fish-eyed houses leered at me
From where they leaned, drunk and half-animate,
As edging through the filth I passed the gate
To the black courtyard where the man would be.

The dark walls closed me in, and loud I cursed
That ever I had come to such a den,
When suddenly a score of windows burst
Into wild light, and swarmed with dancing men:
Mad, soundless revels of the dragging dead -
And not a corpse had either hands or head!
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Old 11-02-2009, 12:57 PM   #3
Le Jacquelope
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Quote:
Originally Posted by KingOrfeo View Post
"We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate ... Masters, too, sometimes enter into particular combinations to sink the wages of labour even below this rate."

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices."

-- Adam Smith
Man, that age old wisdom. More relevant now than it has ever been...
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Old 11-02-2009, 01:59 PM   #4
The_Trouvere
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Quote:
Originally Posted by Le Jacquelope View Post
Man, that age old wisdom. More relevant now than it has ever been...
Most right wingers who claim to revere Adam Smith are like Slug. They haven't read what they quote.
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Old 11-02-2009, 02:07 PM   #5
Le Jacquelope
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Originally Posted by The_Trouvere View Post
Most right wingers who claim to revere Adam Smith are like Slug. They haven't read what they quote.
Seriously. Damned seriously. IIRC his stuff is full of landmines waiting for hard leftists and hard rightists alike to step on.
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