by Jeremy Leaming
It’s difficult to fathom how large swaths of the populace still embrace rightwing rhetoric proclaiming that in America almost anyone can significantly better their stations in life. It is the annoying yank yourself up by the bootstraps mentality that fogs the minds of far too many Americans, leaving them unable to appreciate just how detrimental the wealth gap is to sustaining a resilient economy.
But leading economists and think tanks, and to a lesser extent the Occupy Wall Street movement, caught on long ago and have strived to amplify the hard truth that in American if you are born into poverty your chances of experiencing the “American Dream” of upward mobility are almost nil – one is more likely to be struck by an asteroid. Yes that’s hyperbolic. But as Professor Peter Edelman details in his recent book So Rich, So Poor, our country’s safety net is so tattered that it has made it vastly more difficult to move from poverty to the middle class. The tired argument that less regulations of corporations and more tax breaks for the nation’s superrich will spur job creation and help move large numbers of people out of poverty continues to resonate with far too many people.
As noted on this blog recently, Nobel-winning economist Joseph Stiglitz dubbed the American dream a “myth.” The Columbia business school professor and author told a German publication that one’s chance of upward mobility in the country is really dependent on the income and education of your parents.”
The New York Times columnist Nicholas D. Kristof recently offered a powerful piece about a nation that has become “unequal for all.”