How do unions work — trade or theft?

posted by
March 7, 2011
by Grant Babcock  
Posted in Commentary

"In his work The State, sociologist Franz Oppenheimer draws a distinction that has been widely adopted among libertarian intellectuals. Oppenheimer outlines two methods of acquiring wealth (and here we mean not just wealth narrowly construed, viz. money, but broadly construed — 'welfare' would be close in meaning). On one hand, we have production and exchange; on the other, theft and extortion. The first method Oppenheimer terms 'the economic means,' the latter he calls cheekily 'the political means.'" (03/07/11)  


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