Saturday, August 31, 2013

Why 1930s style social programs won't work

Hollywood, Babble On | National Review Online: "In the 1960s, the average lifespan of a Fortune 500 company was 75 years, whereas today it is only 15 years, and that number is declining. "

This mentioned in an article on the decline of Hollywood as a focus for the film industry, but the point is of more general applicability. Tying health care and retirement to firms rather than individuals is an invitation to routine disaster.

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