The Vanishing American Corporation

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The decline of American corporations has significant implications for income inequality and social stability. Once vital to the middle class by providing stable jobs, health benefits, and pensions, corporations like General Motors and Kodak have vanished, replaced by companies with smaller workforces and less commitment to employees. The rise of the "sharing economy" further complicates this, as many workers lack essential protections. Gerald Davis explores these trends and their impact on the economy, suggesting that the future could either exacerbate polarization or foster a more democratic economy.