America needs to look out for its citizens or we will become like Britain with a wider class disparity
I hate to be the one to tell you this, Phatboy, but social inequality measures are generally similar between US and UK, and the US has inequality rather higher than most european countries.
Research carried out by the European Economy Group (2002) showed:
On social inequality:
EEG writes:
It is appropriate to talk of different types of experiences; the extremes include, notably, the low inequality levels of Germany and, to a lesser extent, of France, together with higher values for Spain and, especially, the USA, with values far higher than those of the European countries... inequality increased in the UK and USA, while it decreased in the remaining European countries, especially in Germany and Italy.
Comparing the major economic powers of Europe with the USA, the EEG found:
EEG writes:
[USA had]the greatest income rigidity following France
On income mobility there were two results. If we measure the correlation between one's own income and one's father's income:
EEG writes:
Germany and the UK join Italy as countries of high mobility, while the USA moves from its previous intermediate situation to one of low mobility in the comparative context.
if we measure the ability to move between social classes during one's lifetime
EEG writes:
USA again occupies an intermediate position
USA, Italy and Spain were found to be
EEG writes:
countries with inequality greater than the average
it seems that social mobility and inequality are best tackled with a German-style social democratic system rather than the freemarket system of US, UK, Italy and Spain.
Mick