06-29-2017, 03:20 AM
(06-28-2017, 06:06 AM)Warren Dew Wrote:(06-27-2017, 06:27 AM)Mikebert Wrote: That this mechanism can "keep corporations in line" is disputed by the trend in fraction of output that goes to worker, which has steadily declined over the past 30 years showing that bosses have had the upper hand over the employees. In general management typically has the upper hand as they are many (they represent shareholders and management who are thousands of people controlling billions of dollars) against one (the employee, who if he controlled significant wealth would not need the job).
The size disparity was just as true 50 years ago, and back then employees were getting a much larger share of productivity improvements, so that's not what's driving the issue. What has changed has been high levels of immigration, undermining employees' bargaining position by providing more competition. That has everything to do with government coercion and little to do with business coercion.
You are also leaving out the massive increase in crony capitalism and the exponential increase in the size of the Federal Register. Then there is that huge debt sucking capital out of the private sector along with the rounds of QE which were explicitly done to push up asset prices. Care to take a guess at who that helps out? It sure isn't small business.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises