About five decades ago, the core values that make America great began to bring America down. The First Amendment became a tool for the wealthy to put a thumb on the scales of democracy. America's rightly celebrated dedication to due process was used as an instrument to block government from enforcing job-safety rules ... and otherwise protecting the unprotected. Election reforms ... wound up undercutting democracy. Ingenious financial and legal engineering turned our economy ... into a casino with only a few big winners. Distinctly American ideas became the often unintended instruments for splitting the country into two classes: the protected and the unprotected. The protected overmatched, overran and paralyzed the government. The unprotected were left even further behind. Income inequality has soared: Middle-class wages have been nearly frozen for the last four decades, while earnings of the top 1% have nearly tripled. For adults in their 30s, the chance of earning more than their parents dropped to 50% from 90% just two generations earlier. Many of the most talented, driven Americans used what makes America great - the First Amendment, due process, financial and legal ingenuity, free markets and free trade, meritocracy, even democracy itself - to chase the American Dream. And they won it, for themselves. Then, in a way unprecedented in history, they were able to consolidate their winnings ... and pull up the ladder so more could not share in their success or challenge their primacy.
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Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.