Paul Krugman: Age of Anxiety

[Gasping4Truth]

The resulting system is imperfect: those who don't work for companies with good benefits are, in effect, second-class citizens. Still, the system more or less worked for several decades after World War II.

Now, however, deals are being broken and the system is failing. Remember, Delphi was once part of General Motors, and its workers thought they were totally secure.

What went wrong? An important part of the answer is that America's semi-privatized welfare state worked in the first place only because we had a stable corporate order. And that stability - along with any semblance of economic security for many workers - is now gone.

Regular readers of this column know what I think we should do: instead of trying to provide economic security through the back door, via tax breaks designed to encourage corporations to provide health care and pensions, we should provide it through the front door, starting with national health insurance. You may disagree. But one thing is clear: Mr. Drucker's age of discontinuity is also an age of anxiety, in which workers can no longer count on loyalty from their employers.

http://select.nytimes.com/2005/11/28/opinion/28krugman.html&OQ=nQ3DTopQ252fOpinionQ252fEditorialsQ2520andQ2520OpQ252dEdQ252fOpQ252dEdQ252fColumnistsQ252fPaulQ2520Krugman&OP=7ebc164aQ2FpKwepLRcmmLpQ26((Q3CpZZpQ26Q3ApmQ5DyQ5BymQ5BpQ26Q3AIcoq8Q7DQ5BQ24AL8-">TimesSelect link

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[roguevalley]

1. corporate entities are evil.

[Demeter]

2. UNREGULATED Corporate Entities Are Evil

Absolute power, you know.