r/FluentInFinance 7d ago

You Disagree? Discussion/ Debate

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u/Outside-Emergency-27 6d ago

We have known since decades now through a plethora of studies that "working hard" to make it is little more than a myth in the US.

No, anecdotal evidence doesn't make it true. The are structural barriers that prevent even the hardest working from upwards mobility and there are tons of thousands of studies on this by now, I have only read a dozen.

Two interesting ones can be found via the tags "Inequality Paradox Explained" and "Belief in Meritocracy". I forgot what the rest of the paper was with "Belief in Meritocracy", but Google Scholar should spew out thousands of articles.

Americans are blind to the academic literature on this topic though apparently. Some studies have literally disproved that "the regular people" have an effect on politics while super wealthy basically get their will always, regular people only "by coincidence" when the rich wanted the same.

See "Thesting Theories of Majoritarian Pluralism" from 2014.

The studies cited in this paper are also very interesting.

Wake up Americans and get your democracy under YOUR hands. Good luck wishes a random German.

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u/Scalage89 6d ago

"working hard" to make it is little more than a myth in the US.

In the entire fucking world

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u/Outside-Emergency-27 6d ago

True. What I mean it is incredible pronounced in the US, it's literally a cultural phenomenon that a huge part of the pop-culture focuses around - "The American Dream"

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u/Scalage89 6d ago

We have the same attitude here in Europe. What you're describing is neoliberalism.

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u/Outside-Emergency-27 6d ago

Yes. I know, I am from Germany. I am saying it certainly is the biggest in the US from where it is heavily distributed into the entire world, especially Europe via networks like the Mont-Pelerin-Society.

I know that the Ideology is Neoliberalism and has grown and gained state power in Europe too by now where Germany has become one of it's strictest enforcers and distributors. We have plenty of neoliberal think tanks similar to the US ones by now too.

This is nothing new to me. I read Political Science papers on these topics out of sheer interest and try to share the most interesting or shocking ones of them within my social circles.