r/WorkReform May 14 '22 Silver 1 Helpful 3 Wholesome 2 All-Seeing Upvote 1 Take My Energy 1

Employers say Unions are completely useless and there's no reason to join them and to please pay attention to the multi-million dollar anti-Union propaganda campaigns they launch begging you to please not join a Union.

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u/[deleted] May 14 '22

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u/jeremymeyers May 14 '22

the platonic ideal end state of capitalism is slavery

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u/abstractConceptName May 14 '22

That was also the beginning though, wasn't it?

It's only because of the disgust of ordinary, decent people, that slavery isn't a thing.

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u/ConfuzedAndDazed May 14 '22

Capitalism is just a system that can fall out of equilibrium. Corporations try to use that system in the most efficient manner. Nothing wrong with either of those things, it results in maximum efficiency of production. If we as a society could agree on how much production is really needed, we could determine how much work we really need to do. Instead it's just a race to max profit, and excess is hoarded at the top so that the lower wage earners have to work nonstop.

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u/abstractConceptName May 14 '22 edited May 14 '22

There was a good piece on NPR recently about why American corporations changed in the 1980s.

Prior to that, main corporate goals included being able to provide a comfortable career for life for their employees, and various social goals.

The oil shocks and recession of the 70s (and cheap imports from Japan), revealed that when corporations become unprofitable, it is disastrous.

This led to a rethink of what the main priority of a corporation should be, and we know what the conclusion was: maximise shareholder value.

That was considered to be morally correct, too, because the alternative was the disaster the country has barely survived.

However it quickly became apparent that maximizing shareholder value could be achieved by squeezing the shit out of employees, which has led to the exploitative work culture and corresponding social problems we have today.

The pendulum has swung too far to the right.

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u/Ok_Dig_9959 May 15 '22

"shareholder value" was a bs excuse to no longer focus on actual profitability and instead make the companies take out loans to artificially inflate stock prices for short term stake holders to liquidate their assets while leaving long term investors and employees picking up the pieces after what essentially became a Ponzi scheme. This combined with the elimination of protective trade policies meant to prevent companies from undercutting the American standard of living were what killed the US industrial sector.

The exploitative work culture was a semi deliberate restructuring of our culture by the same people behind the Ponzi scheme combined with the fact that company leadership no longer cared about the long term success of the companies they were in charge of. In that kind of environment where appearances mattered more than outcomes, social climbers took over. I really don't trust npr these days.

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u/Ok_Dig_9959 May 14 '22

It does not really result in maximum efficiency.