People sit outside the New York Stock Exchange on Wednesday. Concerns over a recession in America sent stocks plummeting in all three major US indices that day, with the Dow dropping more than 700 points. Photo: AFP
Alexander Friedman
Opinion

Opinion

Alexander Friedman

The American dream is dead. Here are five ways to fix the system and launch version 2.0

  • The American dream works only when growth is shared and there are few structural hurdles to advancement
  • For starters, it’s necessary to remove tax breaks that widen the wealth gap, write off student loans in return for national service and tie the minimum wage to inflation rates

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People sit outside the New York Stock Exchange on Wednesday. Concerns over a recession in America sent stocks plummeting in all three major US indices that day, with the Dow dropping more than 700 points. Photo: AFP
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