Why all unions are destined to fail
Gazette (Colorado Springs, Colo.) Posted On 11:35 am September 5, 2019 The life cycle of labor unions is predictable, the late economist Sylvester Petro once wrote. Because they are born not out of mutual exchange, but out of state-backed coercion, American unions inevitably face eventual demise triggered by their own corruption. The aged United Auto Workers union may be approaching that moment of extinction. After a four-year federal investigation into UAW bribes, kickbacks, and crony labor negotiations, the government has secured prison sentences for eight people connected to the union, Fiat Chrysler, and Automobiles NV, according to the Detroit News. The feds raided six locations, including the home of UAW President Gary Jones, and say they have evidence of blatant corruption, including “wads” of cash and files that conf...