In poorer locations dreams are sold. If you are in Eastern UP or Bihar, it is the ‘Mumbai dream’. In David Copperfield it was ‘London streets are paved with gold’ …well all over the world it is the ‘American Dream’.
It is no longer a dream. It is a nightmare. The average American is surely worse off compared to his parent. Perhaps for the first time in the history of America are the children more educated, have multiple incomes – but cannot make both ends meet.
The issue is the average American enjoys a standard of living far far higher than what an average person in say India or China can hope to aspire. However it is no longer a good place to be poor. Being poor in a rich country meant governments had enough money to look after you. However Obama who keeps running from podium to podium saying ‘change’…but here is the stark truth.
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