Angels were delightd, if extremely surprised, to read that the leader of the union Unite, Len McCluskey declared:
"Trade unions have always been on the side of the angels."
And there we were thinking that trades unions were on the side of insider/outsider politics and economic hysteresis.
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He keeps going about "our members didn't cause this financial crisis".
What has that to do with anything? I didn't cause it either yet have had a huge pay drop due to falling demand.
Man seems to believe union members should be exempted from hardship.
What he should be doing, if he was really a good comrade, would be getting his members to crash the banks. Everyone closes their accounts and switches mortgage to a loan from the union.
It could be done. Huge publicity too.
May be on the side of the angels, but - as with most matters Union - the Devil is undoubtedly in the detail(s).
It wasn't all that long ago that many of them were on the side of Comrade Stalin. No angel he.
That's the first time I've seen the word hysteresis used in an economic context, but the more I think about it the more apposite it is - a system in which all the energy gradually gets converted into friction, and then lost.
Perfect, HG, just perfect.
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