Good points but he has a fatal flaw in the opening. A big reason why less people are living on a dollar a day since 1970 has to be the growth in industrial China...a state planned economy. That's bit of a contradiction, no?
He's right about too much focus on mythical union power as opposed to the goal of just improving failing schools and the bit about corporate cronyism is dead on but I'll believe it when I see it when conservatives abandon that position in practice not in rhetoric. Where he falls short though is the paleo-conservative view that unfettered capitalism benefits all. Look, if the last 30 years of deregulation and high end tax cuts have taught us anything, its that corporations are true to their reasons for existing, which is to maximize the profit to their shareholders, not to do public good. That means if oursourcing jobs to China increased the bottom line, that's what they'll do which does the poor in this country no good (but benefits the Chinese slave laborers somewhat I suppose).
The GOP/conservatism needs to move beyond the idea of the all powerful, all altruistic paternal corporation that just needs to be left alone. The voters saw the result of that theory during the Great Recession and thoroughly rejected it when Romney ran on that very platform (one of the few convictions he actually has from the looks of it).
Somewhat on point about who we should be taking opinions from...
http://krugman.blogs.nytimes.com/2013/03/03/who-should-we-listen-to/