http://www.theatlantic.com/business/archive/2014/01/why-is-the-american-dream-dead-in-the-south/283313/
It's a decent write up. But the South's racial history has also led it to reject unions, income redistribution and social services.
FDR said the South was the nation's number one economic problem. Not much has changed. But certainly the politics of the South is the number one problem in addressing our economic problems.
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