By Salvatore Babones Salvatore Babones (@sbabones) is a senior lecturer in sociology & social policy at the University of Sydney and an associate fellow at the Institute for Policy Studies (IPS).  You can find more of his commentary on the US economy at The American economy has done well over the past forty years.  America's national income per person has almost exactly doubled since 1970.[1]  The United States has been the richest major country in the world for over More

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