Posted by: coastcontact | June 12, 2012

American Exceptionalism and the Reality of a Competitive World Economy

American exceptionalism is the theory that the United States is different from other countries.

Working class Americans (that is most of us) are in a perpetual struggle to live a comfortable life.  However, we are on the brink of a new reality.  We must compete with every other country in the world.  Will American exceptionalism prevail?

The Washington Post reports that American median income fell nearly 8 percent, to $45,800, in 2010. This is no surprise.  It is simply a validation of what we already knew.  It is not going to get better any time soon.  In that same article the Post said our wealth has declined by 40%.  That too is no surprise since home have values have dropped by 40% to 50% in most areas of the country.

Many will try to blame one of the two political parties.  That would be a mistake.  If you look at the laws passed and the trends of American business you will quickly realize that this state of affairs has been going on for decades but was accelerated by the Great Recession.

The painful reality is that Americans must become more ingenious in their struggle to earn the kinds of livings that has become part of the culture.  Our politicians keep telling us that Americans are unique, creative, and exceptional.

  

Today that all seem like a lot of baloney.

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