Goodbye, Horatio Alger

By Jeff Madrick | January 21, 2007

The Democratic pragmatists in Congress are so wedded to their middle-of-the-road attitudes about government social programs, which some of them insist won them victory in November, that they seem incapable of seeing the economic state of the nation for what it has sadly become. To put it simply, the Democratic majority that took control of Congress in January is inheriting a class society. Today in America, one's birth largely determines one's future.

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This article was originally published in The Nation.