There’s no doubt where the global financial crisis of 2008, and the resulting worldwide recession, started. It was in the private sector. First in finance, then it spread to the “real” economy. We can argue about the precise causes of the crisis, and about whether subsequent policy responses were appropriate or not. But there can be no argument about where the whole problem started: squarely with business.
http://opinion.financialpost.com/2011/04/08/counterpoint-fury-of-poor-would-erupt-without-unions/
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