Bad Argument of the Day

Tyler Cowen explains that because some labor unions have, in the past, been deeply implicated in organized crime activities that we should embrace a labor law regime that clearly has the country headed toward the total extinction of private sector unions. Presumably, the same logic applies to the publicly traded business corporation, right? If it can be shown that entities organized in this model have ever in the past engaged in criminal behavior that we should simply eliminate the model? Nor do I think Cowen is about to become an immigration restrictionist even though organized crime is heavily associated with immigrant "ethnic" neighborhoods.

And, of course, plenty of countries have had union-friendly legal climates and high levels of unionization without ever developing the union-mob links that were, in fact, a fairly idiosyncratic Americanism.