The United States is displaying all of the above characteristics. The country is experiencing tremendous levels of economic inequality that’s worsening according to every meaningful measurement.
The New York Times writes about the “broken economy,” The Atlantic notes the “toxic class divide” that is “fast becoming unbridgeable,” and the Intelligencer calls recent data released by the Federal Reserve “a damning indictment of capitalism.”
Compared to the previous decade, Americans are working much more for much less pay, and they’re paying substantially more for their basic necessities. Even Fox News is having a hard time spinning the fact the more Americans than ever need to hold multiple jobs, a full-time job and part-time employment on top of that, just to make ends meet.
While the devastation visited upon the working class by the 2008 recession is far from remedied, economists are already forecasting a new recession.
These would be troubling signs in a country where trust in political authority is strong. In the U.S., that’s not the case.
There has been a substantial loss of faith in the political authority. Trust in the political system is at an all-time low, and Americans also seem to have lost faith in politicians, even the rare few they believe mean well.