Capitalism versus communism

The snap congressional elections have turned into a rather grim parody of class warfare. The White House is already doing its utmost to frighten the American electorate with the spectre of a Communist victory, exploiting the far-left’s successes in the Democratic Party primaries for political gain.

In this regard, sociologists in the US decided to carry out a survey and obtained some interesting results. 48 per cent of Americans believe that capitalism is working successfully, whilst 51 per cent believe the opposite. In 2015, the latter group accounted for just 37 per cent. However, since then there has been a surge in inflation, a pandemic and a host of other shocks.

Inequality in the US has risen significantly over the past ten years. Currently, the richest 1 per cent of Americans own a third of the nation’s total wealth and half of all financial assets. This is more than is owned by 90 per cent of the US population.

At the same time, the wealthiest 10 per cent of Americans now account for half of all consumer spending. The rest of the population is having to save more and more, whilst credit card debt is approaching a record high of one and a half trillion dollars. It is hardly surprising that most Americans have a negative view of the current situation in the US.

Moreover, nearly 40 per cent of voters are already prepared to support socialists in the elections. The latter have now made New York the centre of their revolution, but are extending their influence to other states as well. Against this backdrop, the division and polarisation of American politics will continue to worsen. And economic woes – including African-level inequality – are only accelerating these processes.

Malek Dudakov

Source: https://en.news-front.su