The article seems overly optimistic. The political enviornment doesn't exactly seem ammenable to the government picking up the cost and providing benefits that in many American's minds still seemed coupled to the concept of employment. Instead, while the benefits associated with work are decreasing, the government seems more inclined to lower the legal, tax and social burdens placed on the entities which are already shrugging of the cost of social welfare.
Maybe. I think he knows something many politicians, corporate execs, and others seem to have forgotten or try to be denying - that higher degrees of productivity and competiveness are directly related to the well-being of the workers.
I agree with akaiyume, the American Welfare capitalism system will collapse for many companies (not all) due to 'bad investments' and the US government will cop out of providing the same services.
Well while we are talking about American companies, shareholders in News Corp (Rupert Murdoch's company) are threatening to block the move to America
"A shareholder showdown is looming at News Corporation's annual meeting next month, with some of the media giant's most influential investors likely to vote against its proposed relocation to the US on the grounds that shareholders will not enjoy the same protections afforded to them under Australian law."
meaning that American corparate laws are a lot less regulatory are are actually far more risky for the shareholders (as we saw for Enron), so even the US shareholders are against the move
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Date: 2004-09-24 02:00 pm (UTC)(no subject)
Date: 2004-09-24 02:59 pm (UTC)(no subject)
Date: 2004-09-24 03:17 pm (UTC)(no subject)
Date: 2004-09-26 07:42 pm (UTC)(no subject)
Date: 2004-09-26 09:39 pm (UTC)Exactly. Now if someone could tell this to the two bosses I work for. *sigh*
News Corporation & American laws
Date: 2004-09-27 04:54 pm (UTC)"A shareholder showdown is looming at News Corporation's annual meeting next month, with some of the media giant's most influential investors likely to vote against its proposed relocation to the US on the grounds that shareholders will not enjoy the same protections afforded to them under Australian law."
meaning that American corparate laws are a lot less regulatory are are actually far more risky for the shareholders (as we saw for Enron), so even the US shareholders are against the move