**UPDATE Union Declares Victory AsHostess Goes Out of Business. No more Ho Hos. ****
Unions destroy themselves like pathetic drunks, dragging down everyone around them.
In a fine example of anti-strategic thinking and un-game theory, the Bakers Union put 637 of its members out of work yesterday.
Hostess—makers of Twinkies—is bankrupt. Part of the bankruptcy involved rewriting union contracts to allow the company to stay in business.
Instead of taking one for the team and helping their company crawl out of its fiscal hole, the Bakers went on strike.
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