Several years after the Wall Street-ignited crisis began, the nation’s top bank CEOs (who far out-accumulated their European and other international counterparts) continue to hobnob with the president at campaign dinners where each plate costs more than one out of four US households make in a year. Financial bigwigs lead their affluent lives, unaffected, unremorseful, and unindicted for wreaking havoc on the nation. Why? Because they won. They hustled better. They are living the American Dream.
This is not the American Dream that says if you work hard you can be more comfortable than your parents; but rather, if you connive well, game the rules, and rule the game, your take from others is unlimited. In this paradigm, human empathy, caring, compassion, and connection have been devalued from the get-go. This is the flaw in the entire premise of the American Dream: if we can have it all, it must by definition be at someone else’s expense.
In Why America Failed, noted historian and cultural critic Morris Berman’s brilliant, raw and unflinchingly accurate postmortem of America, he concludes that this hustling model, literally woven into the American DNA, doomed the country from the start, and led us inevitably to this dysfunctional point. It is not just the American Dream that has failed, but America itself, because the dream was a mistake in the first place. We are at our core a nation of hustlers; not recently, not sometimes, but always. Conventional wisdom has it that America was predicated on the republican desire to break free from monarchical tyranny, and that was certainly a factor in the War of Independence; but in practical terms, it came down to a drive for "more" -- for individual accumulation of wealth.
So where does that leave us as a country? I caught up with Berman to find out.
Nomi Prins: Why America Failed is the third book in a trilogy you wrote on the decline of the American Empire. How did this trilogy evolve?
