Sunday, December 4, 2016
ADDENDUM: TO BUTTRESS MY ASSERTION STATES MAY FILL IN FOR MISSING FED UNION BUSTING PROTECTION
CLIPPED FROM A WASHPOST STEVEN PEARLSTEIN COLUMN:
Under Trump, red states are finally going to be able to turn themselves into poor, unhealthy paradise
By Steven Pearlstein December 4 at 9:34 AM
TO BUTTRESS MY ASSERTION THAT STATES CAN FILL IN FOR MISSING FEDERAL SANCTIONS AGAINST UNION BUSTING:
"If the Trump administration makes good on its promise to pull back on environmental regulation, states can step up their own regulation of power plant emissions and oil and gas drilling. To combat climate change, they could impose a refundable carbon tax or, as California has done, create a cap and trade system for carbon emissions.
"If Republicans repeal the Dodd-Frank financial regulations, many of those same regulations could be written into state law, either by legislatures or by state banking, securities and insurance regulators and consumer protection agencies. Taking a page from Louis Brandeis and the Progressive era, states could also provide incentives for the creation of state-chartered mutual banks, insurance and investment companies, financial institutions that are owned by their customers. The few mutuals that still exist offer competitive products and superior service at lower cost, all of it with less risk that the Wall Street mega-firms have turned finance into a head-I-win, tails-you-lose casino.
"Nobody expects a Republican Congress and White House will move to increase the federal minimum wage but there is nothing to prevent states from raising theirs. Nor is there anything preventing states from restoring within their borders many of the workers rights that the Republican Congress and President-elect Donald Trump are poised to eliminate.
"And if the Justice Department and the Federal Trade Commission give the all-clear signal for corporate mega-mergers, as you can expect they will, attorney generals from blue states can ban together to file federal and state antitrust suits to block them. The attorney generals could also take a page from the playbook of the Chamber of Commerce and other conservative activists and use of the federal courts to try endlessly delay or block regulatory actions or repeals proposed by the Trump administration."
Our US labor market is the only market where market muscle can be used with impunity to squeeze the other side in the bargaining even though such is officially recognized in law as illegal (NLRB lacks enforcement power). Our US labor market is the only modern, first world labor market where union busting happens -- doesn't exist over there or over there as far as I know -- just not in the culture (scabs; what's that?).