Professor Greenbuam
English 1101
3 April, 2014
The American Dream The Death of Horatio Alger is about how the American Dream is long dead due to the poor staying poor and never having equal opportunity, and the rich staying rich due to inherits. By Our Own Bootstraps is about creating the American Dream by having equal opportunity through hard work. Both of these articles define the American Dream based on the opportunity given or in some cases if it is ever given to those who make an opportunity. The American Dream is about having equal opportunity through hard work, not the inherits of are sons father’s social status. Paul Krugman the Author of The Death of Horatio Alger makes a point to be recognized when he discusses that “current policies will eventually create ‘a class of rentiers in the U.S’” (79). Paul goes on to say that the untalented children will control most of America’s wealth and the talented children cannot compete.
This is an issue in are current economic times when the sons of are fathers inherit the status of are father wealth and social class. I can argue this statement with “Capitalism, a successful and expanding system, does not fight a fundamental fact of human nature-we vary greatly in capabilities, motivation, interests, and preference” (W. Michael Cox and Richard Alm 80). …show more content…
Michael Cox and Richard Alm are the Anthers of By Our Own Bootstraps who talk about the work hard play attitude. The American Dream is defined by Cox and Alm as a, “’land of Opportunity.’ Anywhere in the world, those three words brings to mind just one place: United States of America” (79). Paul Krugman’s theory can be argued by stating the facts on how the fathers of the sons obtain wealth; they obtain equal opportunity through hard work and the will of success. The American is far from gone in this current economic crisis, because the American Dream is the best hope of equal opportunity the American people