The 6 Pack Economist

Riots of the Financial Crisis

by drinker on Feb.03, 2009, under Economics, Politics

So there seems to be a bunch riots going on over the finincial crisis.  Many of the acts of protest seem to be strikes or work stoppages.  Given that the businesses and factories are dealing with a surplus of product this is a good thing for them.  After all the plant does not have to pay people who are not working. 

This ends up being counter productive for the people actually performing the strike since they are not earning money and with the surplus of goods decreasing the price of the goods will stay steady.  Unless of course the whole damn system collapses and at that point who cares.

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