Showing posts with label capitalism v communism. Show all posts
Showing posts with label capitalism v communism. Show all posts

Thursday, February 21, 2013

The Great Economic Delusion of the Left

I enjoyed this story. A great deal. When it comes to economic reality, European socialists/unions are fundamentally delusional. In fact, their opinions are often actively absurd. They simply don't understand that businesses will allocate capital to the locale of greatest prospective profitability. And they won't accept that in the 21st century, capital is inherently movable. These are basic truths. But in rejecting the facts; in embracing un-reality, leftists harm themselves and the rest of society. I've written many times about why I believe modern unions are bad news (a few examples below), but it's great to hear a senior business leader affirm that sentiment in such an overt and deliberate manner.