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American Ideal
The "American Dream" is a phrase referring to a purported national ethos of the United States: that every person has the freedom and opportunity to succeed and attain a better life. The phrase was popularized by James Truslow Adams during the Great Depression in 1931, and has had different meanings over time. Originally, the emphasis was on democracy, liberty, and equality, but more recently has been on achieving material wealth and upward social mobility. Adams defined it as The tenets of the American Dream originate from the Declaration of Independence, which states that "all men are created equal", and have an inalienable right to "life, liberty, and the pursuit of happiness". The Preamble to the Constitution states similarly that the Constitution's purpose is to, in part, "secure the Blessings of Liberty to ourselves and our Posterity". It is said to be a set of ideals including representative democracy, rights, liberty, and equality, in which freedom is interpreted as t ...
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Representative Democracy
Representative democracy, also known as indirect democracy or electoral democracy, is a type of democracy where elected delegates represent a group of people, in contrast to direct democracy. Nearly all modern Western-style democracies function as some type of representative democracy: for example, the United Kingdom (a unitary parliamentary constitutional monarchy), Germany (a federal parliamentary republic), France (a unitary semi-presidential republic), and the United States (a federal presidential republic). Unlike liberal democracy, a representative democracy may have ''de facto'' multiparty and free and fair elections, but may not have a fully developed rule of law and additional individual and minority rights beyond the electoral sphere. Representative democracy places power in the hands of representatives who are elected by the people. Political parties often become central to this form of democracy if electoral systems require or encourage voters to vote for p ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ...
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Global Social Mobility Index
The Global Social Mobility Index is an index prepared by the World Economic Forum. The inaugural index from 2020 ranked 82 countries and has not been updated since. The Index measures social mobility holistically through 5 determinants. The findings from the index were then used in the World Economic Forum's Global Social Mobility Report 2020, which provided recommendations for governments and businesses. Researchers have used the index to analyze income inequality and have determined reasons for countries to improve social mobility. Context The Global Social Mobility Index was established by the World Economic Forum in 2020 in light of the changes caused by globalization Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, th ... and technological advancement. The results and findings of t ...
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City Journal
''City Journal'' is a public policy magazine and website, published by the conservative think tank Manhattan Institute for Policy Research, that covers a range of topics on urban affairs, such as policing, education, housing, and other issues. The magazine also publishes articles on arts and culture, urban architecture, family culture, and other topics. The magazine began publishing in 1990. History ''City Journal'' was founded in 1990 by Richard Vigilante, editorial director of the Manhattan Institute, who also served as the magazine's first editor. Vigilante originally sought to launch the magazine as a for profit venture but eventually persuaded William M. H. Hammett, head of the conservative Manhattan Institute. to adopt the project. Vigilante positioned ''City Journal'' as a more moderate and more cosmopolitan alternative to established right-wing institutions. The magazine initially published articles promoting privatization, fiscal discipline, government downsizing, and ...
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Nordic Countries
The Nordic countries (also known as the Nordics or ''Norden''; ) are a geographical and cultural region in Northern Europe, as well as the Arctic Ocean, Arctic and Atlantic Ocean, North Atlantic oceans. It includes the sovereign states of Denmark, Finland, Iceland, Norway and Sweden; the autonomous administrative division, autonomous territories of the Faroe Islands and Greenland; and the autonomous region of Åland. The Nordic countries have much in common in their way of life, History of Scandinavia, history, religion and Nordic model, social and economic model. They have a long history of political unions and other close relations but do not form a singular state or federation today. The Scandinavism, Scandinavist movement sought to unite Denmark, Norway and Sweden into one country in the 19th century. With the dissolution of the union between Norway and Sweden (Norwegian independence), the independence of Finland in the early 20th century and the 1944 Icelandic constitution ...
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Income Inequality In The United States
Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a lower level of inequality from approximately 1950-1980 (a period named the Great Compression), followed by increasing inequality, in what has been coined as the Great Divergence (inequality), great divergence. The U.S. has the highest level of income inequality among its (post-industrialized) peers.United Press International (UPI), June 22, 2018"U.N. Report: With 40M in Poverty, U.S. Most Unequal Developed Nation"/ref> When measured for all households, U.S. income inequality is comparable to other developed countries before taxes and transfers, but is among the highest after taxes and transfers, meaning the U.S. shifts relatively less income from higher income households to lower income households. In 2016, average market income was $15,600 for the lowest Quantile, quintile and $280,300 for the highest quintile. ...
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Capitalist
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social polic ...
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Work Ethic
Work ethic is a belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. Desire or determination to work serves as the foundation for values centered on the importance of work or industrious work. Social ingrainment of this value is considered to enhance character through hard work that is respective to an individual's field of work. In ancient Greece, work was seen as a burden, and their term for it, ''ponos'', shared its root with the Latin word ''poena'', signifying sorrow. In Hebrew, work was associated with toil, representing the laborious act of extracting sustenance from the challenging earth. It was viewed as a consequence of the original sin in the Adam and Eve narrative. The Bible in reflects this, stating that due to their transgression, "By the sweat of your brow you will eat your food until you return to the ground." Factors of a good work ethic Proponents of a strong work ethi ...
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Socioeconomic Mobility In The United States
Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic stratification, economic level to another, through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health changes or other factors. This mobility can be the change in socioeconomic status between parents and children ("Intergenerational mobility, inter-generational"); or over the course of a person's lifetime ("intra-generational"). Socioeconomic mobility typically refers to "relative mobility", the chance that an individual American's income or social status will rise or fall in comparison to other Americans, but can also refer to "absolute" mobility, based on changes in living standards in America. Several studies have found that inter-generational mobility is lower in the US than in some European countries, in particular the Nordic countries.
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Individualism
Individualism is the moral stance, political philosophy, ideology, and social outlook that emphasizes the intrinsic worth of the individual. Individualists promote realizing one's goals and desires, valuing independence and self-reliance, and advocating that the interests of the individual should gain precedence over the state or a social group, while opposing external interference upon one's own interests by society or institutions such as the government. Individualism makes the individual its focus, and so starts "with the fundamental premise that the human individual is of primary importance in the struggle for liberation". L. Susan Brown. '' The Politics of Individualism: Liberalism, Liberal Feminism, and Anarchism''. Black Rose Books Ltd. 1993 Individualism represents one kind of sociocultural perspective and is often defined in contrast to other perspectives, such as communitarianism, collectivism and corporatism. Individualism is also associated with artistic and ...
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