Comments by "danusty" (@danusty) on "THIS Scares The Sh*t Out Of The Establishment (Video)" video.

  1. owning a piece of a company and having unions are two diferent things. you can own a piece of your company if you invest in it/buy shares, anyone can do that, or you can straight up make your own business and the the only owner or partner up and have various owners. for those who love unions however, I have a story for you. Puerto Rico had a 100% monopoly with its power company (la Autoridad de Energia Electrica), the puertorican government had this essential monopoly from the early 1900s to about a year ago or so when it became a private/public company. during the time la AEE was fully owned by the government, they had a union called la UTIER, since la AEE was an essential monopoly, every time la UTIER felt like asking for a raise, they would protest and would stop those who freely felt like going to work from entering the AEE power plants, and in the end la UTIER would get the raise they felt they were owed. the government couldn't get rid of la UTIER because governments are not able to get rid of unions that work for the public sector. every time la UTIER got a raise, the people of Puerto Rico saw an increase in the ammount of money they paid for electricity, because as you guys know, no company, not even those owned by a government are going to absorb the cost of having to pay an employee more per hour, the cost is always passed unto the people. the worst part however was that during the time la AEE was fully owned by the puertorican government, la UTIER barely maintained it, and the grid became so frail that the slightest bit of rain would cause large portions of the island to lose power, in addition to the fact that because this company was publicly owned, the local governmet kept taking loans from the money they thought they would earn from la AEE per year, to the point where la AEE became bankrupt, as in an essential monopoly went bankrupt. the lesson of the story, don't be a socialist.
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