Re:Was corporate profit growth a bubble inflated by "financi...
by _jal on Friday March 27, 2020 @02:30PM
(#22705425)
This is definitionally correct, but frequently far from reality.
Desperate people with no practical negotiating leverage may have the theoretical power of foot-voting, but it provides zero practical value.
Given that a lot of regions outside of urban areas are varying degrees of labor-monopsonies with a very few large employers, not having an official right to shoot your workers really doesn't make a massive difference in the amount of control they can exert.
Amazon and Walmart's power comes from being cheaper/better than the alternatives (though they may engage in unfair and unethical behavior as a means to that end). Government's power comes from having a monopoly on violence. These are very different and one has to be very far removed from government violence to think otherwise.