Labor’s Improbable Return?

This one will be quick. It seems, however, that unions and other labor organizations that are tied to large pools of pension money would be well served to begin putting that to good use. Indeed the state run pension systems are seeing lots of investing opportunities, but remain cautious and picky. Want to ensure a flailing bank, with a massive footprint in the U.S., stops outsourcing jobs? Offer up a capital infusion at a better level than they can get now… Want to ensure companies are less hostile towards unions? Start up a platform for investing in distressed companies. Once your pension system owns the company, I bet they will be more pro-union. I would imagine that these pension funds will face large scrutiny, obviously these decisions should be made in the context of a sound investment thesis. Just my thought on how unions, too, can prove cyclical.

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One Comment on “Labor’s Improbable Return?”


  1. Interesting. You know, I agree with you that unions could be poised for a comeback. Things run in cycles, even ideas, but I’m not sure if pension fund investing would be the catalyst, or even if those funds would necessarily be pro-union. Funds like good returns, and the stocks that go up are the ones that show earnings growth, and earnings growth can be achieved by cost-cutting, outsourcing, etc etc. You will know more about this than i do.

    But I do think we could be seeing a real political shift now, a shift away from the radical Republicanism and market fundamentalism of the past thirty years. I’d be a buyer of the progressive movement here, with the caveat that it is a progressive movement as opposed to the “liberal” movement that the Baby Boomers created.

    Moderate Republicans, otherwise known as Northeastern Republicans, have been pushed out of their party, or have started drifting away, in the same way that some Democrats were pushed out by the radicalism of their party during the late Sixties and early Seventies. Many moderate Republicans (like me and others I know) feel no choice but to support Obama in order to express our opposition to this idiotic war, a badly run economy, and a dangerously skewed tax system. High taxes are bad, but a worker’s revolution would be much, much worse.


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