Apart at the Seams
The Collapse of Private Pension and Health Care Protections
By (author) Charles R. Morris
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Apart at the Seams by Charles R. Morris
Book DescriptionThroughout most of the past century, America, uniquely among industrial countries, assumed that private businesses would take primary responsibility for providing retirement security and health insurance to working-age people and their families --an arrangement that became known as American ""welfare capitalism."" That assumption has been put to the test by the fierce competitive onslaught on almost every major American industry that began in the 1970s and 1980s. In today's world of global competition, where prices are dictated by iron laws of marginalist economics, old traditions of employer-employee loyalties are a distant memory, and companies have been shedding benefit commitments as rapidly as possible. Apart at the Seams explores how this collapse of private sector retirement and health benefits came about and how it has affected the landscape of American social insurance. In making his case for reform, Morris examines the forthcoming strain on government benefit programs, the critical trends in American incomes and saving patterns, and the special features of the American health care system that make policy changes such a pressing concern. He argues that the question is not whether the American social insurance system must be fundamentally restructured --that has been going on, willy-nilly, for the past few decades --but rather whether there are reasonable paths to closing the gaping holes in the existing system without doing violence to the long-standing American disposition toward mixed-enterprise solutions.
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Book DetailsISBN: 9780870785016
(229mm x 152mm x 6mm)
Imprint: The Century Foundation
Publisher: Brookings Institution
Publish Date: 1-Feb-2006
Country of Publication: United States
Books By Author Charles R. Morris
Dawn of Innovation, Paperback (March 2014)
From the bestselling author of The Trillion Dollar Meltdown and The Tycoons comes the fascinating, panoramic story of the rise of American industry between the War of 1812 and the Civil War
Comeback, Paperback (July 2013)
Argues that the United States is in the brink of a strong recovery from the 2008 global financial crisis, claiming that such booming new industries as shale-based oil will generate millions of new jobs and tame inherited deficits.
Sages, Paperback (June 2010)» View all books by Charles R. Morris
A New York Times bestselling author distills the strategies and the wisdom of three pillars of the financial world who foresaw the global economic crisis
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Author Biography - Charles R. Morris
Charles R. Morris is the author of many highly praised books. His previous Century Foundation books include Too Much of A Good Thing? Why Health Care Spending Won't Make Us Sick and Money, Greed, and Risk: Why Financial Crises and Crashes Happen .
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