So was the America of 1947–1974—the America of the boomers’ youth—the great exception in the nation’s economic history, a golden age that came and went and can never come again? Were the conditions that led to the postwar boom and its egalitarian prosperity so anomalous that the American economic success story will continue to recede in our rearview mirrors? Are the forces of globalization and robotization inevitably going to raise the incomes of the few and depress the incomes of the many? The extinction of a large and vibrant American middle class isn’t ordained by the laws of either economics or physics. Many of the impediments to creating anew a broadly prosperous America are ultimately political creations that are susceptible to political remedy. Amassing the power to secure those remedies will require an extraordinary, sustained, and heroic political mobilization. Americans will have to transform their anxiety into indignation and direct that indignation to the task of reclaiming their stake in the nation’s future.
Posted on: Sun, 02 Feb 2014 14:07:25 +0000
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