Column: Twilight of the middle class? – Chrystia Freeland

(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.) The researchers made a striking finding: The U.S. middle class, long the world’s embodiment of optimism and upward mobility, today is telling a very different story. The chief preoccupation of middle-class Americans is not the dream of getting ahead, it is the fear of falling behind.

This was supposed to be the place where, as Bill Clinton liked to put it, if you worked hard and played by the rules, you could get ahead. And Yanks gloried in the fact that the world’s huddled masses regularly demonstrated their belief in the American dream by voting with their feet.

  • China, technology and the U.S. middle class: Chrystia Freeland(news.yahoo.com) NEW YORK (Reuters) – President Barack Obama’s State of the Union speech this week confirmed it: The pre-eminent political and economic challenge in the industrialized democracies is how to make capitalism work for the middle class.
    There is nothing mysterious about that. The most important fact about the United States in this century is that…


  • ‘Romney is Wall Street’s Worst Bet Since the Bet on Subprime’(economistsview.typepad.com) ‘Romney is Wall Street’s worst bet since the bet on subprime’, by Ezra Klein: Ezra Klein: You’ve written about the revolt of the very rich against President Obama, and all the money they spent and time they dedicated to defeating him.

  • The rise of the super-rich. Is the economy just going through a bad patch?(thestar.blogs.com) Traders work the floor of the Cyprus Stock Exchange in Nicosia, in August 2000. Stock riches piled up until the divided island nation’s boom went bust. (AP Photo/Christos Theodorides).
    So the rich are different. What’s it to you?
    Quite a lot, if you see some of the recent analysis of the growing gap between the 1 per cent and the rest of us whose…


  • Fed President: Too Big Banks Are Just Crony Capitalists(stateofglobe.com) Indeed, people all over the world are starting to demand an end to crony corruption.
    As Reuters global editor at large Chrystia Freeland noted , the “Arab Spring” and other protests around the world are really protests against crony capitalism:
    Across the globe, this was a year when people took to the streets, often overthrowing their leaders in…


  • Two sets of people. Those with capital and those without(altondrew.wordpress.com) Chrystia Freeland of Reuters lays out a description of how trade and technology are impacting the labor market in the U.S. Estimated job loss at 15-20% as a result of trade with technology hollowing out what used to be middle class jobs. In your view, how has trade and technology impacted you or your co-workers? Is it something we should…

  • COLUMN-Banker steps into the role of superhero-Chrystia Freeland(xe.com) In other ages, we have called on shamans or saints in times of crisis when the usual remedies have not worked.
    In the stagnant world economy today, we have designated central bankers as our superheroes, and we are relying on their magical monetary powers to restart global growth.
    As the European Central Bank president, Mario Draghi, whom some have…


  • ‘It’s impossible not to be worried’: a Q&A with Chrystia Freeland about income inequality(thestar.com) Earlier this week, Chrystia Freeland took home the $15,000 Lionel Gelber Prize for the best English-language book on foreign affairs. Before picking up her award, Freeland, who is the managing director of Thomson Reuters, met with the Star’s editorial board to discuss her book, Plutocrats: The Rise of the New Global Super-Rich and the Fall…

  • Critique of super-rich wins international affairs book prize(cbc.ca) A book that chronicles the rise of the super-rich and their unprecedented power in the age of globalization has won the $15,000 Lionel Gelber Prize.
    Alberta-born journalist Chrystia Freeland took the prize for the best book in the world on international affairs with her Plutocrats, The Rise of the New Global Super-Rich and the Fall of Everyone…


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