By expanding The Wizard of Oz as an allegory for the entire American hegemony, we see a critique not just of the myth of the American Dream, but of the broader systems of control, manipulation, and cultural dominance that the U.S. has exercised globally. The message is clear: the illusion of power, prosperity, and influence often masked by the American system ultimately fails to provide real fulfilment, and the answers to true freedom and self-empowerment lie within. Dorothy’s journey suggests that nations and individuals alike must look inward, reject external illusions, and find their own paths to happiness, autonomy, and self-determination, free from the superficial allure of global power structures.
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Another interpretation ties in the yellow brick road (gold), the silver shoes leading people to the Green city of the Green-Back dollar which turns out to be a fraud. The shoes then lead Dorothy back home. I wonder too if the house "falling" to crush the Witch of the East and so give Dorothy the shoes could be seen as a foretelling of the story of the subprime crisis which threated the Green witches of the banks and reminded us to abandon fiat currency and money printing. So the tin man becomes the industrial workers who need a heart, and the scare crow becomes the farmers who need a brain because they didn't vote for the lion who represents politician William Jennings Bryan who lacks courage.
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An important point of the story is that everyone actually has everything they think they need.
The Cowardly Lion is in fact brave, but he doubts himself. In many scenes of the classic book and film, he shows bravery in the face of danger, similar to the Scarecrow who wants a brain even though he is the smartest one, and the Tin Man who wants a heart but cries to his detriment when he does anything remotely mean by accident and rusts himself still.
and Dorothy learns that "there is no place like home" where she returns. She already had that, but needs to appreciate it. As the Indian proverb puts it, we already have everything we need in this world. Perhaps the Wizard of Oz is tricking us out of more than just our financial wealth.
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