social welfare

Trade Unions – Consider Them As Management Partners!

Why do employees join trade unions is an important question. Most of the workers are members of any one of the trade unions. One of the major objectives of trade unionism is to promote industrial democracy. This objective is achieved when trade union is “an organization of the workers, for the workers and by the workers”. In practice this rarely happens and instead unions become an oligarchy. Union leaders by and large, show authoritative behavior with less participation, openness and transparency. Decision-making is centralized, elections are often postponed and positions are filled repeatedly by nominations. Rank and file is pampered with promises and seldom gets near to decision-making process. Positions get worse when unions are guided by outside leaders and regulated by the policies of political parties.

Absence of democratic leadership reduces the effectiveness of trade unions and prevents the development of trade union leadership from among the workers within the industries. In due course, trade unions become obsessed with political ideology or personal interest ousting the welfare of the workers. Before we move on to the functions of trade unions, let us understand the reasons for the existence of such organizations.

  • To get a common platform to air ones views, aims, ideas and feelings and obtain recognition and status among fellow workers.
  • Make use of the principle of unity for the purpose of securing good working conditions, higher economic compensations, better career prospects and welfare needs.
  • Security of employment and protection against calamity of accident, death and social security after retirement.
  • Restrict management action which is against the interest of the workers. Read the rest of this entry »
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Examining Long Term Care Insurance Benefits

All policies would promise buyers a number of long term care insurance benefits. While buyers would really be interested and convinced of these promises, most of them do not fully understand the terms of their plans such as the coverage and the benefits. This article aims to provide an examination and an explanation of LTCI benefits to help not only interested consumers but also current policyholders.

Even in the definition of long term care, people can already find a gain in purchasing this type of insurance. According to experts and resources, this consumer-based health care plan will provide coverage for both medical and non-medical services needed by patients who require specialized care over long periods of time. These services are usually not included in the coverage of traditional health insurance plans and Medicare.

For patients or policyholders who are inflicted with chronic diseases or special conditions that call for custodial and non-custodial care, an LTCI can greatly work to their advantage. These people who are usually having difficulties in performing activities of daily living (ADLs) such as bathing, eating, and dressing can be provided assistance through the various services that come with their long term care plan.

Along with this, the policyholder can also have the freedom to choose where he wants to receive the care. Those who have bought and or are interested in buying LTC plans are usually the ones who plan ahead for the future, those who choose not to use up their savings and other financial assets for care services but rather keep these resources or their family. With long term care insurance benefits, other than paying from their own savings, plan holders can be assured that financial resources and health care are already reserved for them when the time comes that they will require them. Read the rest of this entry »

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Corporatism IS Socialism

The signs said it, the chants were all proclaiming it. The first Tea Party-based rally I ever attended was filled with assertions that our President was taking us down the road to Socialism. With many of them, however, if you asked about social security or medicare they’d tell you that that was their right and you couldn’t take it away. Well, that’s actually not even the most glaring way in which they were… not mistaken, because they’re right… just incomplete in their assessment of our current economic condition. We’ve been a socialist society for years. So, let’s take a look at Socialism. The idea is that a group of central planners can set market conditions from the outside that are “fair” to all participants and stimulate growth. The problem is that it just doesn’t work. When you attempt to set by fiat, you take away the incentives to production. No one or nothing produces to capacity. The primary problem is that it leads to fascism. Nobel Prize winning economist Ludwig von Mises and fellow Austrian FA Hayek have both discussed this issue in depth. The Road to Serfdom, Hayek’s seminal work discusses Democratic Socialism that led to the fascist regimes in Germany and Italy in the run-up to World War II.

The form of socialism we have followed is a bit more deceptive, but it amounts to the same thing. Instead of boards of bureaucrats making all economic decisions, which ultimately leads to the appointment of a totalitarian system, we’ve used a combination of congressional grants to bureaucrats and the use of subsidies and incentives to drive economies through certain favored industries and favored companies. It’s quite laughable to suggest that our current economic condition has anything to do with Capitalism run amok. Sadly, it is entirely the opposite that is true. Capitalism was strangled, snuffed out, and buried in the early 20th century. Small vestiges remain, usually in new industries formed by entrepreneurs, but the lure of regulating competition, subsidies, and planning usually quashes it in relatively short order.

Well, if Capitalism is so great, why do businessmen support Government intervention so often? Two words come to mind: Profit Motive. Read the rest of this entry »

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