Americas Middle Class Ranked #27 GloballySubmitted by emalvini on Wed, 07/24/2013 - 22:44
Americas Middle Class Ranked #27 Globally
Submitted by Tyler Durden on 07/23/2013 22:49 -0400
We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right?
Well, like so much of the “American dream” we have been force fed for a generation or more, this perception is not based in reality whatsoever. Sure it may have been the case for a couple of decades immediately after World War 2. Before the military-industrial-Wall Street complex fully took over the political process, but it certainly isn’t true any longer. Myths die hard and this one is particularly pernicious because it prevents people from changing things. As James Baldwin said:
Not everything that is faced can be changed, but nothing can be changed until it is faced.
Read more: http://www.zerohedge.com/news/2013-07-23/how-does-america’s-middle-class-rank-globally-27