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Economics

True Capitalists Are Pro-Market, Not Pro-Business

June 8 (Bloomberg) -- Since the failure of the effort to recall Wisconsin Governor Scott Walker, a curious meme has been slithering through the commentariat: Public-employee unions are down and out.

They aren’t, of course. They remain as formidable as ever, and will spend the current election cycle doing what they do, spending tens of millions of dollars to elect candidates who favor their interests. We might be better off if the unions had less political clout -- as long as the pro-business groups that get up to the same mischief were less powerful, too.