Well, that is just the United States of the America and the Republican Party... and hopefully at their lowest point at that.
It is
just the pinnacle of capitalist power and a good chunk of the wealthiest and most powerful people in the world.
The problem is not contained to America, even and especially in the context of Europe. Europe is indeed doing relatively well right
now, but still had to tighten belts when the US financial system crashed in 2008. The problem is not that b/millionaires are lizards or evil, but that they are
unaware of the true cost of their government policy and, to be frank, totally uninterested in actually being governors. The only thing the leadership class in America accomplishes is pillaging the public coffers. We have giant monopolies for which there is zero political appetite to dissolve or restrict. And most importantly, the US real economy has been in a state of slow implosion since at least 2008 and probably since the 1980's.
It's just "one country," yes; I know Europeans have every confidence they can survive America's collapse. Unfortunately, in the age of global commerce, economics doesn't work that way. There was nothing anyone could do to avert 1929 once the course had been set: Germany's debt and the septic trade balance of Europe had doomed the entire world to a crash and depression.
And that's putting aside the many unforeseen consequences of a possible collapse in the post-war consensus.
It is technology that have improved living conditions, and if the economic system help or not help technological development is probably what should be asked. For example the rich countries in 1950 had a life expectancy that today would be worse than many poor countries today, even if the poor countries today have worse gdp per capita than the rich countries had in 1950.
Life expectancy in America is
on the decline generally, except for a brief uptick this year which bucked a four-year trend and very miserably at that. Arguably this is because the healthcare system is poorly tuned... which would be a problem, in this case, with the political
and economic systems.
At any rate, there is evidence that the capitalist American economic system is, in fact, inhibiting the uptake and availability of the benefits of new medical technology for the general population.