“The American Dream” trope exists to implant the notion that this is a unique nation that is uniquely dedicated to the greatest happiness of all its residents. That claim is pure rubbish.
Yet, it turns out that when people are asked what they want “the American Dream” to mean, the clear majority give rather decent answers:
Of course, the actual society, being rigidly dedicated to making the rich ever richer, is dreadful at fulfilling these majority desires. But more proof that the commoners aren’t the dolts so many greens and lefties assume.
With a twinkle in his eye, former neo-robber baron, safety slasher/multiple murderer, and U.S. Treasury Secretary John W. Snow tonight offered the pithiest, purest statement I’ve ever seen of the central claim of our market totalitarian overclass and its bi-partisan political puppets.
To see it, click here, navigate to the video for October 11, 2010, and view the minute from 7:40 to 8:40.
This is indeed, as Snow says, “the theory.” It is the innermost dogma of supply-side economics, which is business investors’ unwavering self-worshiping insistence, the facts be damned. In this context, Snow is relating it to the Federal Reserve’s policy, but “the theory” rules all spheres of economic policy in this age, the White House distinctly included.
The great point of falsity, of course, resides in the phrase “lots of people’s household wealth.” What percentage of the population bases its spending levels on the value of stocks? Infinitesimal, because an infinitesimal percentage owns enough stocks to matter at this level. And the few who do? They save and reinvest a huge share of the income gains they constantly receive.
Alas, all decrepit, outdated ruling classes have long since grown incapable of distinguishing their own circumstances and interests from those of everybody else.
Turns out the odious phrase “the American dream” was coined in 1931, during corporate capitalism’s Second Great Depression.
This invasive, oft-injected mental virus is highly adaptive, too, according to the most recent polls of citizens living during this present Third Depression.
Somehow, this Satanic distraction fuses the polar notions that having a chance to become a billionaire and “having a roof over your head and food on the table” are not only one and the same thing, but also acceptable dreams about the highest possible outcomes history’s richest, most powerful empire might possibly produce.
As Barry Glassner suggests to The New York Times, it’s absurd, this deeply corrupted, business-boosted culture of ours.