Where is US headed?

In a provocative column in the New Republic Simon Johnson writes:

The U.S. increasingly displays characteristics that we have seen many times in middle-income “emerging markets”--new dimensions of vast inequality, forms of financial instability that benefit the best connected, and consistently easy credit for the privileged. But this raises the question: Who exactly is going to dominate our economic and political landscape moving forward?

His answer might not surprise you. But it will disturb you if you care about the future of this country and its people.

The article is linked.