Economics

If resources were not used by the dominant class to control the producer class, it means that the allocation of surplus could be done collectively so that resource control is not concentrated in the hands of few individuals (McGuffey, 2014). The society would be classified in groups whose basis is not majorly on economic factors as happens in capitalism. It means that wages of the producer classes could not be maintained at low levels and hence there would be little surplus for the dominant class that control the resources. The society would be that the producer class would access more resources which could allow them to own property hence reducing the need for consistent employment. The level of poverty in the society could also remain low. Low paying occupations like house servants, farm workers or casual laborers would be reduced or eliminated as more people find economic freedom.

The American dream was pegged on the premise that everyone would have equal opportunity according to their achievement or ability. Over the last 100-150 years, the American economy has undergone many changes with significant impacts on social aspect of the community. With long economic recessions, it has become hard to guarantee a pathway to overall high economic empowerment, living standards equal opportunity and even economic mobility. While to some the American dream has become possible to achieve, most people have to dealing with the changing nature if the dream and hard economic times (Llopis, 2012). This has left a community that is striving to loosen grip of hard economic times. The dream has changed over time from job security, home ownership to comfortable retirement which has become hard for majority to finally achieve.

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