The New Capitalist Manifesto

“ Americans are less economically mobile than people in other developed countries. There is a 42 percent chance that the son of an American man in the bottom fifth of the income distribution will be stuck in the same economic slot. The equivalent odds for a British man are 30 percent, and 25 percent for a Swede.”

Smart growth is what, at the end of the day, constructive capitalists really ignite. It’s about an authentic, meaningful prosperity—that’s shared more broadly, fairly, and enduringly.

Needless to say, economic and social mobility is a key aspect of smart growth. After all, if you’re locked into a economic stratum, prosperity can’t be said to mean much, no matter how steeply national income is “growing”. Hence, America’s declining economic mobility reflects it’s pursuit of dumb (and dumber) growth.