There is no particular consensus on who was responsible for the current financial crisis.  Credit was definitely involved somewhere along the way.  But was it the people who lent it, borrowed it or regulated it who are culpable?  Nobody seems to know, though some people have some pretty strong opinions.  But there is one group of people who would seem to be in the clear.  Organised Labour don’t advance loans, issue credit ratings or set the rules for banking operations.  So whatever else you think about your local union, you have to at least concede they didn’t wreck either Wall Street or the EU. Continue reading →