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America and the Art of the Possible - Restoring National Vitality in an Age of Decay (Hardcover)
Loot Price: R558
Discovery Miles 5 580
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America and the Art of the Possible - Restoring National Vitality in an Age of Decay (Hardcover)
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Loot Price R558
Discovery Miles 5 580
Expected to ship within 12 - 17 working days
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Between 1920 and 1950, America saw an unprecedented expansion of
wealth and power underwritten by technological innovation, cultural
confidence, and victory in war. American elites won World War II,
rebuilt the world order with America at its head, inaugurated the
jet age, and put a man on the moon. The boom led to a larger,
richer middle class that confirmed America’s best ideals.Â
By the early 1970s, that ended. American elites have captured a
disproportionate share of the social and economic rewards over the
last fifty years. Meanwhile, the middle class has shrunk in size
and has become economically insecure, owning a smaller share of
national wealth than at any time in the nation’s history. This
has happened even while most households have two income earners,
versus the single-income households that characterized the period
of shared prosperity. At the same time, technological innovation
that improves people’s standard of living has dramatically
slowed. These trends undermine the basic premise behind the
broad acceptance of a meritocratic elite, whose rule is predicated
on the belief that if the best rise to the top, their talent and
energy will create a rising tide that lifts all boats. We had that
once. We can have it again.Â
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