I started the following post back in December ’08.
This is a naked attempt to provoke comments.
1. The Steel industry
2. Maritime industry – Without the protectionism of the Jones Act, there would be no commercial vessels sailing under US flags bigger than mom and pop fishing boats.
Didn’t get very far with my list. But even if I had, I would have had a new one to add now:
The unions destroy with their excesses. They do not have to deal with the consequences of their actions even though they suffer from them. The Steelworkers Union cost the industry 85% of its employment through the unions efforts to, get this, preserve jobs. Yet the Steelworkers never had to deal with shuttering the plants they drove out of business. The common theme of the Rust Belt is the dominance of the big industrial unions in those states. Between the unions and the Democratic sycophants they put in office they create business climates just a little friendlier to commerce than Stalinist Russia.
We may now be seeing, unfolding rather swiftly, the collapse or at least serious retrenchment of the government unions and the government by entitlement that they create for their own benefit. The unions make demands without even the slightest intention of doing anything to earn them. Quite the contrary, in addition to pushing for ever larger wages and benefits, they go out of their way to ensure that their membership has to provide even less value in return. The Labor Mafia movement was created by and continues to be dominated by socialists and communists. Their sense of entitlement knows no bounds. Their understanding of economics and what it takes to provide for them is non-existent.
Economics is not a political philosophy. The fundamental laws of economics, supply and demand, conservation of resources are not opinions. They are in reality Laws of Nature, as fixed and immovable as the Laws of Gravity and the Conservation of Matter, Energy and Momentum. This is why socialist states always fall. They are fighting gravity.