Land of Equal Opportunity? The Power of a Costly Myth
Category: POLITICS
The myth of fluid upward mobility blinds us to how stacked our system has become against the aspirations of the less well-off, thereby enabling an elite to capture every larger shares of income, wealth, privilege, and control over government while those below receive relatively smaller shares, face fewer opportunities, and command increasingly less control.
By Jon Wisman, ContributorProfessor of Economics at American University in Washington, DC., 2015-02-26