The State of the American Dream
Today in The Wall Street Journal, Peggy Noonan reflects on what’s happened to the American Dream and offers opinion on what should be done in Arizona:
The biggest political change in my lifetime is that Americans no longer assume that their children will have it better than they did. This is a huge break with the past, with assumptions and traditions that shaped us.
The country I was born into was a country that had existed steadily, for almost two centuries, as a nation in which everyone thought—wherever they were from, whatever their circumstances—that their children would have better lives than they did. That was what kept people pulling their boots on in the morning after the first weary pause: My kids will have it better. They’ll be richer or more educated, they’ll have a better job or a better house, they’ll take a step up in terms of rank, class or status. America always claimed to be, and meant to be, a nation that made little of class. But America is human. “The richest family in town,” they said, admiringly. Read Booth Tarkington on turn-of-the-last-century Indiana. It’s all about trying to rise.
The State of the American Dream – http://tinyurl.com/2dc9tzn
The State of the American Dream http://bit.ly/aNvMGz
At this stage of the debt / deflation super cycle (high chronic unemployment stagnant to declining asset prices etc) it is easy to pronounce the end of the American dream. However the feeling we as a country have of general malaise is rooted largely in things economic and can be expressed as the American dream. i think it is much more than that. It is a common heritage and a common sense of values and belief structures. Not just religious but that is a part of it but common buy in if you will. The more “balkanized” we become the more this foundation is eroded. The real concern is that history is littered with nations that have gone through long periods of decline quite slowly but easily. The world wont end we will just get less and less important each year to the global community – economically, politically and militarily. Consider England at the turn of the century vs now. Leadership and innovation will get us out. So far we are short on both and the structures that allow both to thrive.
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