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When Pat gets old he can retire comfortably and leave his widow comfortable as well, again was this because of savings, no; Pat got a company pension (inflation adjusted) and health care for the rest of his life with right of survivorship. All of this sounds great, but it wasn’t real; it was all a result of America ability to overcharge the world for capital goods; the costs of all these benefits were passed on to the rest of the world in higher priced capital good and dollar inflation. These programs allowed people to live middle class lives they never earned and could never keep (absent the programs). In fact, by 1970 it cost an American producer more in labor cost per ton of steel than what he could get for it on the world market. The fantasy world America has built post-World War 2 has been falling apart since the 1980s and the last leg, the dollars reserve currency status, is about to go. The disappearance of the American Dream is simply America reverting back to where its populations core values and behavior patterns would naturally take it.

The American Dream is rapidly fading because it was never real or at least never genuinely earned by Americans. When I speak of the “Middle Class”, I don’t simply mean possessing a middle class income, but rather having middle class patterns of behavior and world views. To be middle class is to be future time preference oriented; to accept short term pain for long term gain; to always be looking to get ahead and to plan ahead. Simply put, to be middle class is to consume less than what you produce, reinvesting the excess to produce more in the future.

America was the only large industrial power left standing after World War 2 and because it could charge the rest of the world what it wanted for capital goods, it could extract “rents” to support the fantasy of the American Dream. Consider the 1950s, the beginning of universal White middle-classdom and take a typical Irish guy; Pat. Pat grew up in an ethnic Irish slum like his father and grandfather, but he now can afford to buy a house; is it because he diligently saved his money and stayed focused, no; it is because he can get a VA loan or an FHA loan with no money down and easy payments. Pat dropped out of school at 16 and is not too interested in expanding his skills, is he on the streets, no; because of unions he can get an assembly line job. Moreover, because the NLR act effectively unionized every major industrial company and industry, Pat can look forward to annual raises (regardless of productivity) for his entire working life. When his children are old enough, Pat can afford to send them to college, is it because he saved before each child was born and spaced his children accordingly, no; they can get government loans , grants, and go to a subsides state college. When Pats parents get old they are not a burden, is it because they learned middleclass values and started to save, no; his parents rely on social security and Medicare (after 1965).

Europe is on the verge of a complete and total economic collapse...why?...because for decades their government has used force to take money from those who work hard and then give that money to those who don't work hard.

The capitalist equivalent of a socialist revolution is a Great Depression that wipes out the value of the paper assets the wealthy had accumulated, leaving the government to reallocate the real assets more equally. We almost had this happen in 2008, but the 1 percent blackmailed the rest with fear of collateral damage.

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The answer is "tidal friction." Back in the day (as they say), the moon spun with respect to the Earth, so people (if there had been people around) could see all sides of the moon, if they looked long enough. But the Moon is not totally solid. It is a mass of dust, sand and rocks that can change shape, just like a pile of dust, sand and rocks can change shape on the Earth. The Earth's gravitational pull on the Moon actually makes the Moon bulge towards the Earth very slightly. The bulge is called a "tidal bulge." The overall effect is to make the Moon a kind of oval, with the long axis pointing towards the Earth. But the Moon rotated with respect to the Earth (you have to say "with respect to the Earth, because the Moon is, even now, rotating with respect to the Sun; rotation, like all motion, is relative), so as a new part of the Moon's surface rotated around to face the Earth, it would bulge, then settle back down as it rotated away from the Earth, kind of like a "wave" in a sports stadium. The overall effect was to knead the Moon like it was a ball of play-doh, raising its internal temperature slightly. But there is a lot of friction when rocks and dust rub against each other, so that would tend to slow down the rotation. Further, the bulge actually lagged a little bit. The materials making up the Moon don't respond instantly to gravity. So the bulge actually wasn't quite in line with the Earth, but was kind of running to catch up with it. The Earth pulled on that bulge more than on the non-bulging parts, so that further slowed down the Moon's rotation.  This mechanism was significant only early in the Moon's history, since the effect becomes smaller as the Moon's rotation slows. So over millennia, the Moon's rotation slowed down and stopped. The bulge stopped moving around the Moon's surface and settled in one spot, incidentally locking that spot in line with the Earth.