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Amy Chua is the John M. Duff Professor of Law at Yale Law School. Amy practiced for four years with the Wall Street firm of Cleary, Gottlieb, Steen & Hamilton,[…]
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Deepening inequality is escalating a tribal conflict between the haves and the have-nots in America. But it’s not playing out in the most obvious way: the beef of working-class, blue-collar Americans isn’t with Manhattan-born billionaires and Instagram influencers—it’s with garden variety professional elites. “If you look at the surveys, Pew Foundation studies, you find that most Americans, including working-class Americans, actually love capitalism,” says Yale professor Amy Chua. “They don’t want socialism. They still want a system where if you can work hard you can strike it rich, and they want it to be fine to be rich.” Why did low-income America elect a billionaire president? It’s no puzzle, says Chua. Despite the data on inequality and the dismal stats on upward mobility, Americans are still sold on the American Dream. It’s the narrative peddled by American Idol, the Kardashians, and jet-setting celebrities—that you too can somehow climb the ladder. The richest of the rich are adored, not scorned. Chua points out a glaring irony: while the overly privileged Occupy Wall Street movement was trying to raise up America’s poor, America’s poor were flocking to the enormously popular prosperity gospel. Its creed? That God blesses the wealthy, and if you pray hard enough the money will come. “The desire for the American Dream is so powerful that people will cling to it even when they have no chance,” says Chua. It’s that dream that sustains inequality from the bottom up. Amy Chua is the author of Political Tribes: Group Instinct and the Fate of Nations.


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