HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Good Reads (Forum) » Joseph Stiglitz Sees Terr... » Reply #43
Introducing Discussionist: A new forum by the creators of DU

Response to marmar (Original post)

Tue Jun 26, 2012, 12:17 AM

43. Stiglitz is right, of course...

Our perception of "the American dream" and exceptionalism is based largely on pure myth pushed by the media. Their anecdotal rags-to-riches stories they like to market are presented with absolutely no context that these examples are very much the exception (no matter how hard we work, most of us now languish in stagnation or fall down the ladder while the already wealthy benefit mightily). The old-timers (those who lived there formative years in the 50s - 70s) also help push the myth since the system actually worked for a majority of people back then.

American capitalism is now largely a massive ponsi scheme that sucks the life out of the once strong and healthy middle/working-class, and it just keeps getting worse.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 52 replies Author Time Post
marmar Jun 2012 OP
xchrom Jun 2012 #1
closeupready Jun 2012 #2
Baitball Blogger Jun 2012 #3
Beverly Weaver Jun 2012 #4
Fuddnik Jun 2012 #5
G_j Jun 2012 #6
raouldukelives Jun 2012 #7
TahitiNut Jun 2012 #8
Flatulo Jun 2012 #28
Blanks Jun 2012 #36
TahitiNut Jun 2012 #40
Blanks Jun 2012 #46
tex-wyo-dem Jun 2012 #44
Brigid Jun 2012 #48
NRaleighLiberal Jun 2012 #9
Ichingcarpenter Jun 2012 #10
nashville_brook Jun 2012 #24
Ghost of Huey Long Jun 2012 #37
calimary Jun 2012 #39
Delphinus Jun 2012 #11
Cary Jun 2012 #12
snot Jun 2012 #15
Flatulo Jun 2012 #29
Cary Jun 2012 #32
Flatulo Jun 2012 #33
Cary Jun 2012 #34
Blanks Jun 2012 #47
Brigid Jun 2012 #49
Brigid Jun 2012 #50
Kaleko Jun 2012 #30
Cary Jun 2012 #31
moondust Jun 2012 #13
snot Jun 2012 #14
Cary Jun 2012 #17
snot Jun 2012 #21
Cary Jun 2012 #26
Voice for Peace Jun 2012 #27
dotymed Jun 2012 #16
snot Jun 2012 #22
Huey P. Long Jun 2012 #18
Auntie Bush Jun 2012 #19
Huey P. Long Jun 2012 #20
nashville_brook Jun 2012 #23
woo me with science Jun 2012 #25
DeSwiss Jun 2012 #35
w0nderer Jun 2012 #38
tpsbmam Jun 2012 #41
The Jungle 1 Jun 2012 #42
LineNew Reply Stiglitz is right, of course...
tex-wyo-dem Jun 2012 #43
Skittles Jun 2012 #45
clang1 Jun 2012 #51
Uncle Joe Jun 2012 #52
Please login to view edit histories.