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Murray ignores economic/government reasons for "collapse of middle class" and focuses only on "social structure"

Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the "bottom" 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five Americans. That, of course, will never happen because there are trillions of dollars of assets, from Shanghai skyscrapers to Fortune 1000 stocks to the latest housing market "recovery," artificially propped up by the Fed's interest-rate repression. The United States is broke - fiscally, morally, intellectually - and the Fed has incited a global currency war (Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling) that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is.

it is precisely because science is so powerful that we need the humanities now more than ever. In your science, mathematics and engineering classes, you're given facts, answers, knowledge, truth. Your professors say, "This is how things are." They give you certainty. The humanities, at least the way I teach them, give you uncertainty, doubt and skepticism. The humanities are subversive. They undermine the claims of all authorities, whether political, religious or scientific. This skepticism is especially important when it comes to claims about humanity, about what we are, where we came from, and even what we can be and should be. Science has replaced religion as our main source of answers to these questions. Science has told us a lot about ourselves, and we're learning more every day. But the humanities remind us that we have an enormous capacity for deluding ourselves. They also tell us that every single human is unique, different than every other human, and each of us keeps changing in unpredictable ways. The societies we live in also keep changing-in part because of science and technology! So in certain important ways, humans resist the kind of explanations that science gives us.

Study, conducted by Stanford University and released by the Russell Sage Foundation and Brown University in Nov., 2011... shows a changed map of prosperity in the United States over the past four decades, with larger patches of affluence and poverty and a shrinking middle.... The study also found that there is more residential sorting by income.... It raises, but does not answer, the question of whether increased economic inequality, and the resulting income segregation, impedes social mobility.

"The government safety net was created to keep Americans from abject poverty, but the poorest households no longer receive a majority of government benefits. A secondary mission has gradually become primary: maintaining the middle class from childhood through retirement. The share of benefits flowing to the least affluent households, the bottom fifth, has declined from 54 percent in 1979 to 36 percent in 2007, according to a Congressional Budget Office analysis published last year."

It's long past time to acknowledge that a party that promotes ignorance and provides a safe house for bigotry cannot serve the best interests of our country.