J. Stiglitz: The American Dream has become a myth

joea · 10-03-12, 05:17 AM

Nout sure the dream ever existed but it sure is not the case now. I would add for many places not just the USA.

Penguin · 10-03-12, 06:14 AM

An empirical study, which started as far back as 1968, confirms Stiglitz' line of thought: Exceptional upward mobility in the U.S. is a myth, international studies show

As much as the American Dream turns out to be a myth, it has one positive side-effect: Imo, the respect for people who come from the "lower castes" and work their way up and also the acceptance for folks who switch their career paths even at higher ages, is much greater than in Germany.
A German friend of mine, who currently works in GB, thinks the perpetuation of the class system is even worse over there.

10-03-12, 05:17 AM	#1
joea Silent Hunter Join Date: Jul 2002 Location: At periscope depth in Lake Geneva Posts: 3,512 Downloads: 25 Uploads: 0	Nout sure the dream ever existed but it sure is not the case now. I would add for many places not just the USA.

10-03-12, 06:14 AM	#2
Penguin Ocean Warrior Join Date: Mar 2010 Location: Rheinische Republik Posts: 3,322 Downloads: 92 Uploads: 0	An empirical study, which started as far back as 1968, confirms Stiglitz' line of thought: Exceptional upward mobility in the U.S. is a myth, international studies show As much as the American Dream turns out to be a myth, it has one positive side-effect: Imo, the respect for people who come from the "lower castes" and work their way up and also the acceptance for folks who switch their career paths even at higher ages, is much greater than in Germany. A German friend of mine, who currently works in GB, thinks the perpetuation of the class system is even worse over there.