Aug
9
Monopoly of a Union
August 9, 2008 | Comments Off
A monopoly exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. — wikipedia at Aug 09, 2008 – See also oligopoly, and U.S. Anti Trust Laws.
Our society has created laws against the traditional monopolies where an industry or a group of industries take control of the supply and force high prices or inadequate conditions upon their customers.
A Union, interestingly enough, is a group of individuals (an enterprise) that takes control of the supply (skilled / trained labor) and force, or tries to force, higher compensation and benefits.
It seems to me that a Union is some kind of monopoly.
I do not find Monopolies, nor Unions bad, inmoral, or unfair. I just think they exist. However, those who find Monopolies bad, inmoral or unfair should also find Unions equally harmfull.
Just some food for thought.
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