The United States was once known for its social mobility where a hard working poor person could through innovation and determination rise up the economic ladder. Since the bursting of the Tech bubble in 2000, social mobility has come to a halt. This has created anemic economic growth the last 13 years and has reduced the standard of living for most Americans. This is creating a stratified society that is rapidly resembling Feudal Europe where elites benefit and the lower classes do not.
What has caused this anemic growth are the Progressive spending policies of the Bush Administration and then the 3rd World crony policies of Obama Regime. This spending has been enabled by the lax monetary policies of Allan Greenspan in the early to mid 2000’s and the QE to infinity done by Ben Bernanke. By inflating asset prices, this has only economically benefited the elites and increase their strangle hold on the economy. The lax monetary policies has increased the cost of living, thus making it next to impossible that the average American can save money or move up the economic ladder.
But the real problem may be more insidious than the figures about income and wealth distribution imply. Even more disturbing is the growing evidence that social mobility is also declining in America.
The distinction is an important one. For many years, surveys have revealed a fundamental difference between Americans and Europeans. Americans have a much higher toleration for inequality. But that toleration is implicitly conditional on there being more social mobility in the United States than in Europe.
But what if that tradeoff no longer exists? What if the United States now offers the worst of both worlds: high inequality with low social mobility? And what if this is one of the hidden structural obstacles to economic recovery? Indeed, what if current monetary policy is making the problem of social immobility even worse?
This ought to be grist for the mill for American conservatives. But Republicans have flunked the challenge. By failing to distinguish between inequality and mobility, they have allowed Democrats, in effect, to equate the two, leaving the GOP looking like the party of the 1 percent—hardly an election-winning strategy.
To their cost, American conservatives have forgotten Winston Churchill’s famous distinction between left and right—that the left favors the line, the right the ladder. Democrats do indeed support policies that encourage voters to line up for entitlements—policies that often have the unintended consequence of trapping recipients in dependency on the state. Republicans need to start reminding people that conservatism is about more than just cutting benefits. It’s supposed to be about getting people to climb the ladder of opportunity.
Inequality and social immobility are, of course, related. But they’re not the same, as liberals often claim.
As this article points out, neither political party in America has a solution to this growing problem of social immobility. The Democrats actually like this situation since it makes people more dependent on government. Republicans don’t care and are just concerned with other issues and rather just engage in red meat rhetoric that solves nothing. This crisis of social immobility is not effecting our ruling class, hence why they do not address them.
The American dream is dead and the only advise I can give people is to look after yourselves. There is no political salvation coming and all the red meat rhetoric thrown your way will not solve anything. Enjoy life as much as you can and strengthen you faith in God. This world is temporary and the after life is eternity. The wheels of history move and there is nothing one can do.
