People tend to think of capitalism and labor unions as inherently antagonistic towards each other. But they’re not. It was actually a very anti-capitalist law passed as part of the New Deal that changed the nature of the employment contract and destroyed the natural buyer-seller dynamic that would otherwise emerge.
Additional Reading & Listening:
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It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.
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