Join us for a discussion of rising economic inequality in our Dinner at the Square season kickoff “American Dream Lost?” Tuesday, October 15th. Get more information HERE.
“In America nearly every man has his dream – his pet scheme – whereby he is to advance himself socially or pecuniarily. It is this all-pervading speculativeness which we tried to illustrate in “The Gilded Age.” It is a characteristic which is both bad and good for both the individual and the nation. Good, because it allows neither to stand still but drives both forever on to some point which is ahead, not behind nor to one side. Bad, because the chosen point is often badly chosen and then the individual is wrecked. The aggregation of such cases affects the nation and thus is bad for the nation. Still, it is a trait which is – of course – better for a people to have and sometimes suffer from than to be without.”
Robert Putnam, in the New York Times:
‘As successive graduating P.C.H.S. classes entered an ever worsening local economy, the social fabric of the 1950s and 1960s was gradually shredded. Juvenile-delinquency rates began to skyrocket in the 1980s and were triple the national average by 2010. Not surprisingly, given falling wages and loosening norms, single-parent households in Ottawa County doubled from 10 percent in 1970 to 20 percent in 2010, while the divorce rate more than quadrupled. In Port Clinton itself, the epicenter of the local economic collapse in the 1980s, the rate of births out of wedlock quadrupled between 1978 and 1990, topping out at about 40 percent, nearly twice the race-adjusted national average (itself rising rapidly).’
‘…The crumbling of the American dream is a purple problem, obscured by solely red or solely blue lenses. Its economic and cultural roots are entangled, a mixture of government, private sector, community and personal failings. But the deepest root is our radically shriveled sense of “we.” ‘
Read the whole article online HERE.
“Nothing struck me more forcefully than the general equality of conditions among her people.”