i wish i could believe that. in the 1950s, the U.S. produced 60 percent of global output and had no real international competition, thanks to the destruction in

i wish i could believe that. in the 1950s, the U.S. produced 60 percent of global output and had no real international competition, thanks to the destruction in europe, russia, asia, etc. today it produces 18 percent and americans compete against chinese for jobs. i guess that seems like a better explanation for the plight of the middle class than saying we no longer believe in that "a rising tide lift[s] all boats."