Critical Readability

My critical readings of the best and worst of online media

Inequality in the US: Interview with Economist Joseph Stiglitz – SPIEGEL ONLINE

I’ve been saying this for years. Not only do your privileged at birth influence your eventual success, even those coming from privileged families are no longer able to find work. The American dream has long been dead.


“Stiglitz: This belief is still powerful, but the American dream has become a myth. The life chances of a young US citizen are more dependent on the income and education of his parents than in any other advanced industrial country for which there is data. The belief in the American dream is reinforced by anecdotes, by dramatic examples of individuals who have made it from the bottom to the top — but what matters most are an individual’s life chances. The belief in the American dream is not supported by the data.”

via Inequality in the US: Interview with Economist Joseph Stiglitz – SPIEGEL ONLINE.

Advertisements

Single Post Navigation

One thought on “Inequality in the US: Interview with Economist Joseph Stiglitz – SPIEGEL ONLINE

  1. Pingback: Economist Stiglitz on inequality in the USA | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: