Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.
One of the worst moves in American judicial history was Judge Lance Ito's decision to allow the OJ Simpson murder trial in 1995 to be televised. Making a bad idea worse, Ito went on entertainment programs like a small-time comic trying to work his way to Vegas. The OJ Simpson trial was the precursor of the modern reality television series.