The Corporate System is actually collapsing. That doesn't mean that corporations themselves are going to go out (that won't happen for another 100+ years) but they're no longer an efficient way of turning human efforts into salable work.

The value of managed human work is going to zero (anything that a manager can tell a person to do, a person can program a machine to do) and independent creative work's value is going up exponentially-- but there is a massive unsolved problem of how we pay people for the latter, given the high skill requirements and intermittency of payment. What kind of insurance system must we build?

Convexity will end the Corporate System for good. See: http://michaelochurch.wordpress.com/2013/04/03/gervais-macle...

Unfortunately, we have a regime in which the Satanic Trinity (housing, healthcare, and tuition fees) have not only eaten the middle class, but have left people utterly dependent on a monthly income. Also, we have generational creative poverty. There is generational poverty, which is cultural as much as it is physical. Then there is the American middle class, which lives not in material poverty, but in a de-culturized zone that annihilates human creativity. That is generational and hard to reverse (parental and peer expectations). We have millions of people bred to be middle managers and junior executives that the world no longer needs, because the grunt work is increasingly being done by machines.

The generational cultural poverty, coupled with actual material scarcity since 2008, has left a generation unable to survive as the Corporate System ceases expanding and begins its decline.