Organized labor’s catastrophic decline has paralleled … an equally dramatic rise in economic inequality. In 1980, the best-off tenth of American families collected about a third of the nation’s income. Now they’re getting close to half. The top one per cent is getting a full fifth, double what it got in 1980. The super-rich—the top one-tenth of the top one per cent, which is to say the top one-thousandth—have been the biggest winners of all.
If a Republican Party that has lately become rigidly, fanatically “conservative” can succeed in reducing public-sector unions to the parlous condition of their private-sector brethren, then organized labor—which, for all its failings, all its shortsightedness, all its “special interest” selfishness, remains the only truly formidable counterweight to the ever-growing political power of that top one-thousandth—will no longer be anything close to a match for organized money.