The Betrayal of the American Dream

‘American Dream,’ Betrayed By Bad Economic Policy : NPR. In a book by Donald L. Bartlett and James B. Steele, “The Betrayal of the American Dream”, the authors criticize a government obsessed with free trade and indifferent towards companies that outsource jobs. “Everyone loves Apple. Apple makes nothing in this country anymore,” Bartlett tells NPR’s Steve Inskeep as an example. “But then, look over here on the other side and you have Intel, and their plants are massive, and they are good-paying jobs. They continue to invest in this country. And what we need in this country now are more Intels and fewer Apples.”

Germany also has a good economic record. When the global financial meltdown happened, Germany adopted a policy that subsidized companies in order to help them keep employees on the rolls. “It’s one of the reasons the German unemployment rate is much lower than in this country,” he says. And the German jobs have decent wages and benefits.

Bartlett and Steele believe that the American government needs to support American companies to preserve jobs and to combat government subsidized jobs from China (which gives China an unfair advantage). “We need to respond, and we never have done that in any kind of systemic way. Every other country out there knows that, and as a result of that, they continue to thumb their nose at our attempts to open those markets.”

For more information, click on the above link.


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August 2012
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