Here is the American Dream in 2009

A homeless encampment known as Tent City, in Sacramento, California, in 2009. Since the 1970s, real wages stopped growing and the gap between rich and poor expanded as the US economy slowed down after decades of growth. Photograph: Rich Pedroncelli/AP

The myth of 'American exceptionalism' implodes

Until the 1970s, US capitalism shared its spoils with American workers. But since 2008, it has made them pay for its failures

Richard Wolff

guardian.co.uk, Tuesday 18 January 2011 13.00 GM

JG: He does an excellent job in his analysis about what went wrong with the so-called American Dream.

Click here to go to the article.