Part 2/5:
A core focus of the speech is the contrast between socialism and the traditional values associated with the American Dream. The speaker underscores the importance of personal effort, sacrifice, and adherence to rules as pathways to success—values that align with free-market capitalism and individual liberty.
According to the speaker, the American Dream is rooted in the belief that anyone, regardless of their background, can succeed if they work hard and play by the rules. This success narrative relies heavily on the principles of freedom, liberty, self-determination, and free markets—elements that are said to be incompatible with socialist policies.