Once seen as the land of opportunity, the U.S. today is grappling with rising inequality and a political system that benefits the rich at the expense of others, resulting in lower growth and risking the death of the American dream, according to Nobel prize-winning economist Joseph Stiglitz.
"The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth," Stiglitz wrote in an opinion piece in the Financial Times Tuesday.