unions

[eric dorkin]

I agree that there are differences in culpability and
accountability.  However, such an understanding
suggests a strategy.  I think it is in Woolfe's Three
Guineas she argues for the outsiders or something like
it.  The key being the more that people pull out of
institutions the less likely they are to survive. 
This is especially true for an institution that
requires many players to assure the liquidity required
for satisfactory functioning.  The reason people do
not buy shares in close corporations is (besides the
fact that there are often nonalienation provisions)
that there is not market in which to dump the things. 
You are in for the whole ride.  

I am not arguing for a solution, at the moment anyway,
but withdrawing "real" money (read: CalPERS or some
such entity) from the market would have a dramatic
affect on how business is done and for whom.  Take
away the dominant corporate consituency of today --
shareholders -- and that leaves it open for the
workers to fill the void.  AFterall, you can't have a
product or service without real people working
(unless, you are Enron, the world's greatest company)

eric

--- Doug Henwood <dhenwood at panix.com> wrote:
> 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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