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RE: Is the American Dream Dying?

in #economics8 years ago

You pose a challenging question which however to my mind reaches far beyond the American dream. Just about every country in the world seems to be going through some new-type crisis which nobody seems to have got a grip on yet. Perhaps the American dream is just being subjected to the global changes that are so substantially brought upon us by the dazzling technological advances of our era.

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Great point that slowing growth is not just an American phenomenon! That should be at the focal point of the discussion.

I've never seen evidence that tech innovation slows growth, though. The tried and true methods for slowing growth are reductions in economic freedom, which seems to be a problem common to many countries at the moment. Unfortunately, popular prescriptions for declining growth are to further reduce economic freedom...a counterproductive process.

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