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A Structural Decline in US Legitimacy
Business
A Structural Decline in US Legitimacy
October 2, 2011

This recession reflects structural weaknesses in the US economy which are more liable to intensify than to recede. The salient structural weakness is the erosion of mid-level white collar jobs that provided several generations of Americans with good wages and opportunities to rise up the career ladder… Slowly but surely, it is dawning on more and more people that enrichment of the few at the expense of the many is much more than a function of impersonal forces like globalization and technology…