It’s Their Fault

A great Economist article.
I think in a couple decades, though, we’ll be saying the endowment effect is obsolete. It seems like only a matter of time: at least when it comes to media, we are moving confidently and happily from “possessing” media (CDs, DVDs, etc.) to having universal access to a sort of shared [...]

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Judith Rosen says: of course.
…almost half of America’s youngest workers believe the nation’s best days may have come and gone
…Between the bookends of the Roosevelt and Reagan administrations, Americans, their employers, and government entered into an implied agreement that afforded citizens a basic level of economic security if they worked hard and took responsibility for [...]

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