Because there was never a free market in land, the past saw as much downward as upward mobility. Historically, Americans have confused social mobility with physical mobility. The class system tracked across the land with the so-called pioneering set. We need to acknowledge that fact. Generally, it was the all-powerful speculators who controlled the distribution of good land to the wealthy and forced the poor squatter off his land. Without a visible hand, markets did not at any time, and do not now, magically pave the way for the most talented to be rewarded; the well connected were and are
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