You know the American Dream, that in this country if people work hard and grab their opportunities they can pull themselves up by their own bootstraps and find material success? Or, put another way, that America is a land of social mobility, where poor people can newly-landed immigrants with a just dollar in their pockets can rise to the highest levels of wealth and status?
Well, America has been doing worse than other countries when it comes to social mobility. What happened? Among other reasons, according to columnist Fareed Zakaria, is our loss of “social capital.” That is, the breakdown of American families. [Read more…]