Thursday, November 20, 2008

"More Americans own their own companies than belong to trade unions"

An entrepreneurial age requires an Entrepreneurial Deal:

The New Deal was introduced into a world of giant organisations—of big businesses and big trade unions that were capable of striking deals with big government. But today’s economy is much more fluid. America’s most successful companies are entrepreneurial outfits like Apple and Google, which thrive on flexibility; even giant companies such as General Electric are breaking themselves up into entrepreneurial divisions. More Americans own their own companies (15%) than belong to trade unions (12%).

via The Economist

So what will be the long-term political implications of this economic transformation? How do we need to reform our government so that it can function appropriately in the new age? How do we persuade people that their long-held beliefs are outdated and irrelevant to our current realities?

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