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The American Dream 2.0

13 7 0
14.08.2019

JACKSON, WYOMING – It is time to admit that the American Dream is dead. Its underlying conditions – strong, consistent economic growth and a meritocracy structured to keep the rich from gaming the system – no longer hold true.

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    Nonetheless, an American Dream 2.0 is still possible, and it will be up to those now contending for the White House to offer a blueprint for making it a reality. For starters, America’s leaders need to explain the problem clearly. The Declaration of Independence proclaimed the “pursuit of happiness” a central feature of American life. Since 1776, each generation has sought upward social mobility; and for a long time, many – though not all – met with prosperity.

    For over a century after the Civil War, breakthroughs in energy, medicine, telecommunications, and transportation........

    © Project Syndicate