Economies of Scale Killed the American Dream


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Why is there so much inequality in the US? People have been trying to find answers.

The attempt to channel this fierce struggle for the heights of wealth and power through a national education system explains the concentration of America’s smartest and most ambitious. But the wicked marriage of meritocracy and economies of scale bears a more subtle cost. Let us return to the essay we started with, “RIP, American Dream.” Why does Mr. O’Brien say the the American Dream died?

“This is how the American Dream ends. Not with a bang, but a whimper of elite school applications by poor kids. Like it or not, the Ivies and other top schools are our conduit to the top, and far too many low-income students who should be there are not.”

The complete article

The Scholar’s Stage

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