A Quote by Frank Hyneman Knight on conflict, people, and power

Large scale collective bargaining . . . is merely a seductive name for bilateral monopoly, and means either adjudication of conflicts in terms of power, or deadlock and stoppage, usually injuring outside people more than the immediate parties to the dispute.

Frank Hyneman Knight (1885 - 1974)

Source: Freedom and Reform, 1947, ch. 13

Contributed by: Zaady