unions

Doug Henwood dhenwood at panix.com
Thu Aug 15 11:29:30 PDT 2002


eric dorkin wrote:


>I would say this Doug: what is consistent and
>necessary across the board in all of those
>transactions is the same "market" for stocks. To the
>extent that the value of the stock on the "market" is
>driven by concerns antithetical to the worker (e.g.,
>layoffs = profits), then any particpant providing
>liquidity to the market is complicit. That does not
>mean they are all capitalists, but that they all
>benefit from the subjugation of workers to capital.
>Just a thought.

Yup, sure, I agree completely. But there's a political/economic/subjective difference between being an active participant and a passive beneficiary. And there are some who benefit to the tune of 10 shares, and some to the tune of 1 million shares.

Doug



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