Lewis Lapham: Can America Survive the Rule of a “Stupified Plutocracy”?

The transcript explores the evolution of the American Dream, focusing on the role of money and class in shaping American society. It discusses the historical context of the American Dream, the rise of figures like Trump in the 1980s, and the impact of Reagan's policies. The conversation also delves into the privilege associated with elite education and the ongoing struggle to balance democracy with capitalism. The current state of democracy is critiqued, highlighting the loss of faith in democratic ideals and the need for historical awareness to restore balance.

How has the concept of privilege evolved in American society according to the text?

What does the speaker suggest about the current state of democracy in America?

What are the implications of the phrase 'stupefied plutocracy' as used in the text?

What potential solutions does the speaker propose for restoring balance in society?