Re: [Pen-l] Summers finds (trade union) religion

["Bill O'Connor" <billyoc@xxxxxxxxx>]

Gar Lipow <gar.lipow@xxxxxxxxx> writes:

> While generally true, Summers also possesses that important life skill
> referred to as "sometimes noticing when events have proven him wrong".
> Summers operated on the assumption that unionization was bad for
> capitalism. He has now decided that unionization is good for
> capitalism as a counterbalance to  certain types of shortsightedness
> among capitalists. No moral flexibility required. He has not changed
> who he serves, merely what he thinks best serves their interests.

Quite right.  This is similar to certain elements on Wall St. who are in
favor of stricter government regulation because it keeps some of the
more compulsive gamblers from causing violent market fluctuations.
They're not against expropriating workers' wealth, they're just for a
smoother expropriation.
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