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Sunday, April 1st, 2018

Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens

Author:     Yossarian Johnson
Source:     The Maven
Publication Date:     28 March 2018
 Link: Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens
Stephan:   From the emails I get, and the research I read, it is clear to me that while business media is full of good cheer, the lives of a very large number of ordinary Americans are quite different than those happy words would suggest, and I am not the only one reaching this conclusion. Here are the views of a very well-known MIT economist. We need to take this seriously. Our country is... what can I say... disordered. Underneath all the disinformation and obfuscation many people are having a very hard time, and no one is going to fix it but us. Consider taking the Quotidian Pledge. I describe it in detail in The 8 Laws of Change and it has the power, if  enough of us take it, to change the world for the better; and that is science not speculation.
America divided – this concept increasingly graces political discourse in the U.S., pitting left against right, conservative thought against the liberal agenda. But for decades, Americans have been rearranging along another divide, one just as stark if not far more significant – a chasm once bridged

America divided – this concept increasingly graces political discourse in the U.S., pitting left against right, conservative thought against the liberal agenda. But for decades, Americans have been rearranging along another divide, one just as stark if not far more significant – a chasm once bridged by a flourishing middle class.

Peter Temin, Professor Emeritus of Economics at MIT, believes the ongoing death of “middle America” has sparked the emergence of two countries within one, the hallmark of developing nations.

In his new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Temin paints a bleak picture where one country has a bounty of resources and power, and the other toils day after day with minimal access to the long-coveted American dream.

In his view, the United States is shifting toward […]

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