Tuesday, February 22, 2011

Capitalism Magazine - The Battle of Wisconsin

The battle between the governor of Wisconsin and his state employees illustrates the case for capitalism -- and against government-run monopolies. Government employees hold a monopoly -- or at least a strong advantage -- in the provision of certain services. Over time, they get comfortable. If you have only one school system -- the public school -- or one garbage collector, or one snow removal office, well then, the employees in these monopoly businesses can pretty much do and demand whatever they want. For years, even decades, they sit pretty and they're "fat and happy." They might not become millionaires at their jobs, but they're guaranteed income and retirement, in ever-increasing portions, for all of their lives.

Capitalism Magazine - The Battle of Wisconsin