Aug

9

Monopoly of a Union

August 9, 2008 |

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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