American Futures: The Shortcomings of the Governing Class

By Jeff Faux

The Future:
Six Drivers of Global Change
by Al Gore
Random House, 2013, 592 pp.  The Great Deformation:
The Corruption of Capitalism in America
by David Stockman
Public Affairs Books, 2013, 768 pp.
Americans’ perception of the future bounces between two contradictory visions. One is that the country is drifting toward decline. Polls report widespread belief that the younger generation of Americans will be worse off than their parents, that U.S. influence in the world is weakening, and that our governing institutions are incompetent and corrupt. At the same time, a majority thinks that although the country may be going to hell, they and their families will prosper.

According to a Pew survey, 63 percent of Americans think that forty years from now the standard of living of the average family will not improve, with 36 percent thinking it will get even worse. At the same time, 64 percent are optimistic that they personally and their families will be better off. Indeed, like the citizens of Lake Wobegon, over 70 percent of Americans believe that their income is above average. This perceived disconnect between one’s personal fate and one’s country’s surely helps explain the low level of public outrage in this post-crash era of high unemployment and falling wages.