economy

Restoring America’s Economic Mobility

In the Communist Manifesto, Marx and Engels wrote that “the history of all hitherto existing societies is the history of class struggles.” Today the story of American politics is the story of class struggles. It wasn’t supposed to be that way. We didn’t think we were divided into different classes.

The U.S. today lags behind many of its First World rivals in terms of mobility. A class society has inserted itself within the folds of what was once a classless country. For the first time, Americans don’t believe their children will be as well off as they have been. For those at the bottom of the social and economic ladder who seek to rise, nothing is more important than the rule of law, property rights, and the sanctity of contract provided by a mature and efficient legal system.

America is a different country today, and a much nastier one. That in a nutshell explains the disintegration of the Republican establishment. If the people don’t trust the government, simply tinkering with entitlement reform is like rearranging deck chairs on the Titanic.

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