Obama: The Bosses’ Friend
Kevin Carson | February 17th, 2015
“Whenever the legislature attempts to regulate the differences between masters and their workmen,” Adam Smith noted in The Wealth of Nations, “its counsellors are always the masters.” US president Barack Obama reaffirms this insight with his intervention in the dispute between shipping industry employers and longshore workers on the west coast.
That intervention comes at the behest of retailers concerned over supply chain bottlenecks resulting from the standoff. Obama’s primary motivation is to get cargo unloaded and on the road. “Out of concern for the economic consequences of further delay, the president has directed his Secretary of Labor Tom Perez to travel to California to meet with the parties to urge them to resolve their dispute quickly at the bargaining table.” ...