Saturday, October 29, 2005
The labour aristocracy
While pointing to an editorial in the Times of India, Yazad Jal informs us:
[A] classic unintended consequence of leftist pro-union policies is that the currently employed benefit at the cost of the unemployed.Bang on. In fact, that disconnect between intent and outcome is manifest in virtually every economic policy India's leftists support. (Like this one.) Those who support the left because their intent sounds compassionate and rosy would do well to study the outcome of leftist policies across the world over the last century.