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Why everyone overestimates American equality of opportunity.
Read an excerpt from Senior Editor Timothy Noah’s upcoming book, The Great Divergence: America’s Growing Inequality Crisis and What We Can Do About It, published in the March 1, 2012 issue of the magazine.
“Most of Western Europe today is both more equal in income and more econmically mobile than the United States. And it isn’t just Western Europe. Countries as varied as Japan, New Zealand, Singapore, and Pakistan all have higher degrees of income mobility than we do. A nation that prides itself on its lack of class rigidity has, in short, become significantly more economically rigid than many other developed countries. How did our perception of ourselves end up so far out of sync with reality?”
—Timothy Noah, “The Mobility Myth: Why everyone overestimates American equality of opportunity.”
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