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Tony_FLADEM

(3,023 posts)
Tue Jun 26, 2012, 02:44 AM Jun 2012

The American Dream Is Now a Myth: Joseph Stiglitz

Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.

“The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth,” Stiglitz wrote in an opinion in the Financial Times Tuesday.

Stiglitz said U.S. inequality is at the highest point in nearly a century and the gap between those with the median income and those at the top is growing.

http://www.cnbc.com/id/47957186

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The American Dream Is Now a Myth: Joseph Stiglitz (Original Post) Tony_FLADEM Jun 2012 OP
There she is, Myth America! TeamPooka Jun 2012 #1
The "American Dream" has always been a myth. Javaman Jun 2012 #2
I suspect that a certain amount of economic stability will always be el_bryanto Jun 2012 #3
Do you need a new 55 inch tv? Javaman Jun 2012 #4
I already have a good TV so I suspect I don't el_bryanto Jun 2012 #5
I think your missing the over arching point as it pertains to society. Javaman Jun 2012 #6

Javaman

(62,530 posts)
2. The "American Dream" has always been a myth.
Tue Jun 26, 2012, 09:36 AM
Jun 2012

report after report, statistic after statistic has shown that the likelihood of you rising past the the economic level from where you were born is so incredibly small it's ridiculous.

However, we are lead to believe that with "a little hard work" and that "can do spirit" like Horatio Alger, "anyone can be President!!" so says the morons on the right.

If you are born poor, you might rise above your station only slightly.

If you are born rich, more than likely, you will remain rich (unless of course you are a complete fuck up and have to rely on the old trust fund, which still means you will remain rich)

While I really like Mr. Stieglitz, the concept of the "American Dream" was completely usurped by marketing execs in the post WWII world.

Once upon a time, the "American Dream" meant having the freedom of speech, freedom of movement and freedom to pursue a peaceful life without the oppressiveness of government control. However, that was changed in order to "out do the Soviets". It became, "buy a house, a car, 2.3 kids, a mortgage, debt and buying bullshit you didn't need.

It was right around the time where we were no longer called citizens but then referred to as consumers.

The American Dream was flushed down the toilet of societal homogenization in the belief that the more stuff we have the less likely we will get pissed at the system and over throw it's bullshit.

However, all is not right in Mudville. As the great divide between the have and have nots expands exponentially, the have nots are wondering, "this is not my beautiful wife, this is not my beautiful home, how did I get here?"

And so, we are now witness to, what I like to call, the great Awakening. While we fight partisan grudge matches of stupidity, the rich continue to lie to themselves that they are still in control. When in fact, they are in less control then ever before, but they don't know it yet. While we hate the ball licking tea party morons and while we support the 99%'ers, those two groups, no matter how far apart they are in ideologies, are of the same mold. They are both pissed off. One is supported by corporate glad handers who are trying to herd them like cats the other (the 99%'ers) by the people.

They are what I like to call the "proto-revolts". Not completely coalesced, not completely clear on their missions, not completely defined in their concepts, but each day, they evolve. Some for the better, some for the worse.

All the while, the rich try their best to keep them off balance for two reasons: 1) out of fear that the message they want to control will be lost 2) the people will wake up from their media induced daze and actually take stock of reality.

The belief and rush to support Citizens United will eventually be the ultimate undoing of not only the rich but of this nation as a whole. It is those in power, as always in history, that believe they will always be in power.

In the end they will be replace by other rich, perhaps a more intellectually insightful and less narrow minded rich.

And the playing field will be less slanted toward the have mores. Notice that I didn't say that it will be level. The concept of a level playing field will last all but a few minutes until the vacuum is filled by a new round of new rich.

Maybe, just maybe then we will return to what the original concept of what the "American Dream" actually stood for.

el_bryanto

(11,804 posts)
3. I suspect that a certain amount of economic stability will always be
Tue Jun 26, 2012, 09:46 AM
Jun 2012

part of the American Dream. Earning a fair wage for meaningful work, enough for a few luxuries (or "bullshit you don't need," as you put it) and the chance to create more opportunities for your kids.

You are right about the tea-party - Mitt Romney is the perfect candidate for the Republican upper class (as Obama was for the Democratic upper class). But the Republican Middle and Working class isn't taking to him, and letting that be known. Unfortunately the Democratic Middle and Working class pretty much gives Obama a pass.

What is bullshit you don't need? Any Luxury? Or just those luxuries you don't approve of?

Bryant

Javaman

(62,530 posts)
4. Do you need a new 55 inch tv?
Tue Jun 26, 2012, 10:37 AM
Jun 2012

do you need all the various gewgaws that are hawked at us daily just because they say you need them?

Take your pick.

We are heading for a much simpler life, whether we care to believe it or not. You either bend with the winds of change or you break.

Get rid of the unnecessary crap and you will be happier for it.

Less material possessions equals happier lifestyle.

el_bryanto

(11,804 posts)
5. I already have a good TV so I suspect I don't
Tue Jun 26, 2012, 10:50 AM
Jun 2012

On the other hand do I need the 3rd season of Community on DVD? or the new My Tiger My Timing album coming out next week? I suspect I don't, but I'll probably acquire them all the same.

Do fewer material possessions always lead to a happier lifestyle? That hasn't been my experience.

Bryant

Javaman

(62,530 posts)
6. I think your missing the over arching point as it pertains to society.
Tue Jun 26, 2012, 02:12 PM
Jun 2012

the over indulgence of society is what is at hand. When one thing will do, you are told to believe that 5 is better.

That is also the same premise behind the over consumption of oil. Do we need as many plastic things in society or will something made of metal and or wood which serves the same function and last longer be better? Of course they would but we aren't given those choices anymore in an obvious way. It takes more time to research those other options. But instead, due to our need for instant gratification in society as a whole, society chooses the plastic item while knowing that if they paid more for the same item made of durable material it would last longer and would be repairable.

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