Does the UAW strangle car companies?

The United Auto Workers union is powerful. Lots of money and lots of members. So what impact does the union have on Ford, Chrysler, and General Motors, and ultimately, are the actions of the UAW responsible for the high cost and low quality of American made automobiles?

George Reisman, Pepperdine University Professor Emeritus of Economics, states that: "In sum, without the UAW, General Motors would not be faced with extinction. Instead, it would almost certainly be a vastly larger, far more prosperous company, producing more and better motor vehicles than ever before, at far lower costs of production and prices than it does today, and providing employment to hundreds of thousands more workers than it does today."

Read the rest of his great article here, which appeared on Mises.org last year.