The Dimming of a Beacon
by Mark Whitehouse
The 2000s could be termed a lost decade for the U.S. economy. The average American's annual income stood at $39,446 as of October 2009, up only 5.3% in inflation-adjusted terms from the end of the 1990s.That's the slowest growth registered in at least six decades. The average person's net worth fell 13% through September 2009 as stock and home prices plunged. The S&P 500 delivered an inflation-adjusted total return of negative 30% through November 2009...
Counterpoint: Capitalism Fingered as Fiend of the Past Decade