Christopher Hayes wrote in Twilight of the Elites that,
according to Pew Research, Canada is almost 2.5 times more economically mobile
than the United States, Germany is 1.5 times as mobile, and Denmark is 3 times
as mobile.
So a young person in Denmark is three times as likely to
rise from the middle to the upper class as our children in America.
Indeed, the only advanced nation where such progress is less
likely than in the U.S. is Britainâ€"the modern icon of class divides.
Again, the solutions are relatively simple: reduce
regulation that dis-incentivizes economic growth, adopt policies that encourage
entrepreneurship and innovation, and stop relying on debt.
This will cause governments and households to tighten their
belts in the short term, but long-term free enterprise will rekindle economic
growth and widespread prosperity.
Social Leader Daily by Oliver DeMille
