The outline of the American Dream is in these cartoon from the 1940's and 1950's...
American Dream Promise Banned WW 2 Cartoon...
Labour Cost With An Increase IN A Standard Of Living As Per The American Dream...
Labour Productivity & Wages & Capital Investment...
At 7 mins - Capital must be invested with new ideas to develop products
Patents help protect the developer of that idea or he ends up like in that cartoon, getting a raise with everyone else for increase in millions in profits rather than the 15% an entrepreneur should get (at the very least... well, nowadays this structure of competition doesn't exist so this cartoon no longer applies... but it is how it was supposed to be... nowadays, in the US, working standards and wages are falling and even bad entrepreneurship & management in big companies get a larger than 15% return, this isn't sustainable unless there is a war to distract people from their living conditions).
With increased productivity wages can keep ahead of prices. Though this isn't what happened in the 1970's, for various reasons. With globalization there was a collapse of certain things while other things got distorted. So now our global economic policies might as well be called "Swiss Cheese Economics".
However, the complete economic collapse of 2008 seems to be intentional in an unintentional way (these policies were bound to backfire at some point, especially when Bush started padding the countries balance sheets back in 2001. Even a socialist country can do better than the current status quo of robber baron capitalism).
NOTE: The switch in emphasis in 2008 from problem to a solution that punishes the people who didn't cause the problem to begin with is explained in this article extract: *When this financial crisis began nearly four years ago the story seemed simple. The banks were broke and they told our leaders that unless the taxpayers bailed them out and took their private debts on to the public account, then the world would end. Our politicians believed them. We took on huge debts and bailed out the banks. Right or wrong, at least the story seemed straightforward: they owed us huge sums of money. Then as the crisis continued, a new group most of us had never heard of appeared – the bond holders. It turned out the banks owed huge sums to the bond holders too, and so did we. The story of who owed whom began to change.
Gradually the story became less about the banks owing us money and more about owing the bond holders.
It seems to me that our governments and their financial advisers from the banks have a double standard when it comes to debt and its repayment; one which greatly benefits the financial world and punishes the taxpayer.
On the one hand, the debts of private banks and those who own that debt, the bond holders, are being protected from any losses by the publicly funded bailouts. Public debt, on the other hand, at the insistence of the same banks and bond holders we have bailed out, is being paid down at breakneck speed, no matter what the cost in unemployment and the destruction of social services.*
Related blog posts:
3 Cartoons Explaining Basic Economics & Business Structures http://economics-proofs.blogspot.com/2013/04/5-cartoons-explaining-basic-economics.html
Cartoon Explaining The Socio-Economic Structure of A Functioning Democracy http://www.culturesocietyblog.com/2013/04/cartoon-explaining-socio-economic.html
The Emergence Of The Corporate Oil War Economy In The USA (Proven Mostly In Cartoons!)
History & Structure Of Stock Markets In Cartoons and It's Future http://economics-proofs.blogspot.com/2013/04/history-structure-of-stock-markets-in.html