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Channel: Reflections of a Rational Republican » Meritocratus
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Capitalism, Unions, and Offshoring (Part I): A Tale of Two Firms

Once upon a time, there were two firms, Meritocratus and Egalitarius. Both firms operated in the $10 billion widget industry, and each had 50% market share. Widgets were not a commodity. Purchasers...

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Capitalism, Unions, and Offshoring (Part II): Workers of the World, Unite!

In the first installment of this series, we introduced two widget producers called Egalitarius and Meritocratus. Egalitarius’ management encourages its workers to unionize, because it wants to ensure...

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Capitalism, Unions, and Offshoring (Part III): Cost-Cutting

After encouraging its workforce to unionize, Egalitarius’ management saw a precipitous decline of 80% in its share price. With an eye on saving the company and the executive team’s jobs, Egalitarius’...

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Capitalism, Unions, and Offshoring (Part IV): Strike!

After Egalitarius’ management launched its cost-cutting program in response to worker unionization, the Widget Workers’s Union (WWU) called for a strike. The union contended that Egalitarius’ cuts...

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Capitalism, Unions, and Offshoring (Part V): Offshoring

In the last four installments of this series, the Widget Worker’s Union (WWU) brought Egalitarius to its knees with a strike that ultimately forced the company to declare bankruptcy. Before the WWU...

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Capitalism, Unions, and Offshoring (Part VI): Recession

In the last installment of this series, Egalitarius’ management instituted several aggressive cost-cutting measures to offset the cost of more expensive unionized labor, and Meritocratus’ management...

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Capitalism, Unions, and Offshoring (Part VII): Lessons Learned

In the last six installments of this series, Egalitarius’ management encouraged its workers to unionize, and then instituted several aggressive cost-cutting measures to offset the cost of more...

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Private Equity: A Force for Good, or Evil?

Republican frontrunner Mitt Romney has been under a lot of pressure recently because of his private equity experience. Much of this negative media attention stems from certain assumptions about the...

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