As we search for paths out of America’s economic crisis, many suggest business as a paradigm for cutting costs. According to my back-of-the-envelope math, top C.E.O.’s earn as much as $1 a second around the clock, partly by cutting medical benefits for employees. So they must be paragons of efficiency, right?Actually, I’m not so sure. The business sector is dazzlingly productive, but it also periodically blows up our financial system. Yet if we seek another model, one that emphasizes universal health care and educational opportunity, one that seeks to curb...
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