Excellent article outlining a European perspective on American ultra-right conservatism.
The capture of universities by the rich and the lack of education for the poor has meant that social mobility in the US has collapsed. American capitalism, in thrall to the stock market and quick bucks it offers, has
hollowed out its great corporations in the name of the hallowed conservative conception of share-holder value - the sole purpose of a company is to enrich its owners. Productivity and social mobility are now higher in Old Europe than in the US - despite a tidal wave of propaganda to the contrary. Ordinary Americans are beset by risks and lack of opportunity in a land of extraordinary inequality.
The capture of universities by the rich and the lack of education for the poor has meant that social mobility in the US has collapsed. American capitalism, in thrall to the stock market and quick bucks it offers, has
hollowed out its great corporations in the name of the hallowed conservative conception of share-holder value - the sole purpose of a company is to enrich its owners. Productivity and social mobility are now higher in Old Europe than in the US - despite a tidal wave of propaganda to the contrary. Ordinary Americans are beset by risks and lack of opportunity in a land of extraordinary inequality.
