Redesigning The Economy In Spite Of Class Immobility

The economic structure in a capitalist society encourages class mobility. In other words, the idea of the American dream suggests that anyone can go from rags to riches as long as they work hard enough. The idea of class consciousness, which outlined the difference of status between the assembly line worker and the owner of the factory, was the assurance that it was possible to climb the corporate ladder and get to the top no matter where you started. Over the past 60 years, the economy has been redesigned and the conclusion is a concentration of wealth and power among the top 1%. How did this happen?

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