Someone explain to me how a Union does not exercise Monopoly power?

[PlatinumGold]

when i see things like the NHL, or other similar strikes, i have to wonder why unions are allowed to do things like that.

it's the ultimate exercise in monopoly power.

 

[Kibbo]

It is a monopoly.

However, the owner's association holds a monopsony, or buyer's monopoly. They also hold a monopoly on the supply of hockey on any given arena market, (with the exception of NY, where it is a duopoly).

Two monopolies battling it out, with nothing but bargaining tactics for weapons.

Don't shed a tear for either side.

PS: Extrapolate this any further, and it belongs in P&N. I will be happy to continue the discussion there.

 

[PlatinumGold]

this is economics and sports not politics and news. if you are going to get technical.

there are gray topics where OT is better suited and this is one of those topics.

NHL PA has a monopoly on labor. they are leveraging this monopoly to try and get the same type of salaries that NBA or ML players get. in the meantime almost 50% of the nhl players are working in europe. to compare this in anyway to the plight of the factory workers in the 50's is a travesty of the highest order. that millionaire players even attempt to gain sympathy as "plight of the working man" is extremely offensive.

karl marx did not imagine this type of strike when he wrote.

unions today in general have gotten completely out of control tho, teachers associations hold our kids hostage, air traffic controllers . . .

unions have their place but left unchecked they like all organizations can abuse their situation. and it is clear that lately unions have been abusing their monopoly power.