In stark contrast to the decades of the Great Convergence, when average Americans garnered a growing share of a growing pie, during the decades of the Great Divergence, the growth of the pie has been monopolized by a smaller and smaller group at the top. The resulting change is huge. If today’s income were distributed …
The growing economic inequity is linked with growing inequality in other spheres Read More »
But the departure from our past is visible not only in rising inequality and resultant pessimism – it is also apparent in the institutions that increasingly define our nation. Corporate conglomerates are replacing local and craft economies in almost every sector, including agriculture. America’s rugged individuals struggle against the loss of identity, autonomy, and mastery …
Were Alexis de Tocqueville to travel to America once again – further on in our national story – what might he find? Would America fulfill its promise of balancing individual liberty with the common good? Would equality of opportunity be realized, and indeed produce prosperity for all? And would shared cultural values, respect for democratic …
