The Fifth Column cover image

#419 - In Defense of Capitalism...and Sweden's Covid Response (w/ Johan Norberg)

The Fifth Column

00:00

The impact of unionization and global competition on job production and retraining

The heavily unionized workforce in this place caused production costs to be higher than anywhere else, including the American South. They were overconfident and didn't care about competition until Japan and China entered the global economy and introduced better production methods. However, there are still challenges in retraining workers for new jobs, which is more of a social policy issue.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app