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The American Dream Is Now a Myth: Joseph Stiglitz
Posted By admin On June 26, 2012 @ 7:05 am In Prison Planet | Comments Disabled
June 26, 2012
Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.
“The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth,” Stiglitz wrote in an opinion piece in the Financial Times Tuesday.
Stiglitz said U.S. inequality is at the highest point in nearly a century and the gap between those with the median income and those at the top is growing.
“The U.S. used to think of itself as a middle-class country – but this is no longer true,” he said. “Today, a child’s life chances are more dependent on the income of his or her parents than in Europe, or any other of the advanced industrial countries for which there are data.”
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URLs in this post:
 CNBC: http://www.cnbc.com/id/47957186
 Nobel Laureate Dr. Joseph Stiglitz Says “The Geithner Plan Amounts To Robbery Of The American People”: http://www.prisonplanet.com/nobel-laureate-dr-joseph-stiglitz-says-the-geithner-plan-amounts-to-robbery-of-the-american-people.html
 A Modest Proposal: Tax Joe Stiglitz at 100 Percent: http://www.prisonplanet.com/a-modest-proposal-tax-joe-stiglitz-at-100-percent.html
 Gerald Celente: American dream debunked: http://www.prisonplanet.com/gerald-celente-american-dream-debunked.html
 The Alex Jones Show – L I V E – September 16th With Joseph Stiglitz: http://www.prisonplanet.com/the-alex-jones-show-l-i-v-e-september-16th-with-joseph-stiglitz.html
 The American Dream Has Moved Abroad: http://www.prisonplanet.com/the-american-dream-has-moved-abroad.html
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