Skip to main content

Inequality and the American Dream | Economist.com

The United States Inequality and the American Dream Economist.com For a modest little British "newspaper" as they love to call themselves, The Economist has uncanny insight into the American psyche. They've hit the nail squarely on the head once again with their June 17th focus on "Inequality and the American Dream." As though The Economist was really the World's conscience [as perhaps it is] they set out three conditions that must be met in order for inequality to not be inherently wrong as many on the left have argued:
"...first, society as a whole is getting richer; second, there is a safety net for the very poor; and third, everybody, regardless of class, race, creed or sex, has an opportunity to climb up through the system."

To me they have omitted the most important condition that makes America unique. That is, the strong sense of right and wrong derived from our Judeo-Christian heritage, and the moral principles which guided the formation of this country. It is this set of underlying moral principles and not some vague idealism that I believe is the real American "genius for translating...talk of the American Dream into practical policies."

Comments

Popular posts from this blog

Review: Leonardo da Vinci

Leonardo da Vinci by Walter Isaacson My rating: 5 of 5 stars Having read only snippets and never a complete biography of Leonardo da Vinci before, I have no basis of comparison from which to judge the accuracy of Isaacson's beautifully written account of Leonardo's life. Assuming it's accurate, Isaacson's account leaves no doubt that; the man was a true genius, he led a fascinating life much of which was enabled by being born near the beginning of the Renaissance in Europe and he was fortunate to have been associated with so many other brilliant characters. The only minor issue I had with the book was not always being able to tell exactly what the current scholarly research consensus is about the many mysteries of Leonardo's life versus Isaacson's opinion. The book is well worth reading. View all my reviews

Whitehouse Blog

I thought President Obama's inaugural speech was a little disappointing when read for substance from afar, although I can imagine that it might have seemed more uplifting in person. I think the Wall Street Journal got it right in their pre -inaugural " The Opacity of Hope " editorial as they concluded: "The complicated nature of our world means that every modern Presidency is to some extent a leap into the unknown. Mr. Obama's meteoric rise makes him a bigger leap than most. We don't know if he is a genuine man of the left, or a more traditional pragmatist. The audacity of our hope is that as President he will use his considerable talents to return his party to the policies of growth, opportunity and the vigorous defense of U.S. interests that marked it the last time the country had such great expectations for a Democratic President -- under JFK." To me, Obama didn't start well with his first official act being this rather vague and plainly accusa...