I have a frequent debate with one particular person about large companies. Her argument is that where they behave in an unethical way or in a way which, were it an individual, would be illegal, they should be rebuked somehow (our discussions never extend to what form that rebuke should take).
And now the Trade Unions, having failed at ruining domestic businesses thanks mostly to Mrs Thatcher (for all her social-engineering faults) are going to try to destroy multinationals instead in a new form of traditional socialism: TUC on multinational businesses.
But I remain confused by this attitude. The trade unions, even now domestically, believe that in private companies where there is genuine competition (and not oligopolies) direct action is a reasonable response to poor behaviour by companies. Surely, actually, companies are the greatest examples of genuine free democracy? Information about publicly listed companies is available to all and, just like Acts of Parliament or decisions made at local government, the people do not read them — they have better things to be doing. But they have access.
So, when people choose to shop at Evil Corp. plc, they are choosing to support exactly what that company is doing. When people boycotted Nestle in the mid-90s, they were reacting, democratically, to what they considered unacceptable behaviour by that company. I am proud to admit I joined in with that boycott and evangelised too.
Trying to react, from within, and unilaterally against a company (as Trade Unions might) is to defeat the general will of the buying public who are exercising their democractic beliefs. Much like terrorism or violent protest (as opposed to civil disobedience, voting and peaceful protest) trade union action is a disproportionate response against what the majority want. And, hopefully, the tyranny of the majority will be avoided by the twin impactors of minor intervention by the State (regulation) and the empathy of that majority acting in the interests of all.
I was appalled, incidentally, to read in Scientific American a while ago (and it came back to me as I wrote today) an article which stated as fact that pure libertarianism was an outdated and simply wrong ideology. I intend to tell you not only why it is not wrong, but also what impact it has on speed limits, in a future post. Please keep comments related to speed limits for that post.
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