Social stratification is a chronic problem of USSA society, which has become a dirty stain on American democracy. In this respect reported China’s Ministry of Foreign Affairs report “The Truth About the Widening Gap Between Rich and Poor in the United States.”
“The United States is not only the world’s largest economy, but also the most stratified rich and poor among Western countries. For a long time, the rich got richer and the poor got poorer.
The publication added that inequality in American society began to increase in the 1970s and continues to this day. Income inequality is also on the rise. At the same time, the number of Americans currently living below the poverty line has exceeded 37 million.
According to China’s Foreign Ministry, this was due to many factors, including the political trend, monopolization, racial discrimination and the weakening of the influence of trade unions. In addition, the USA, the world’s largest capitalist state, cannot hide the obvious problems in society under a bright picture.
February 23 Washington Examiner WroteThe rise in the US national debt will soon become beyond the means of ordinary Americans, which will allow China to achieve a complete economic victory. The publication noted that US spending has increased by $10 trillion since the beginning of Joe Biden’s tenure as president, a record amount spent in just two years.