Friday, 23 November 2012

American Dream





In his latest book, The Price of Inequality, Columbia Professor and Nobel laureate Joseph Stiglitz examines the causes of income inequality and offers some remedies. In between, he reaches some startling conclusions, including that America is "no longer the land of opportunity" and "the 'American dream' is a myth."

Stiglitz provides a contemporary view which heavily doubts the notion of an achievable ‘American Dream’. He points out that average income has seen a serious decline, further weakening the opportunity of the so desired ‘American Dream’, along with a lack of quality health care and education for those in desperate need. Individuals in the top one percent of the United States wealth bracket, are the ones with the control and ability to achieve this dream. Stiglitz predicts an increase in this unfair divide and reveals the harsh reality that unfortunately majority of Americans will never attain the so highly regarded dream. Inequality is a significant theme in the novel Ragged Dick, and the disappointing truth that not everyone’s dreams can come true is a crucial part of the plot. 

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