US Capitalism Faces Criticism as Right-Wing Europeans Applaud Its Model Despite Social Costs
Rising poverty in the United States is attributed to a capitalism model that prioritizes the interests of the billionaire class while leaving millions of citizens behind. This form of capitalism is gaining support from right-wing European parties, notably Nigel Farage's Reform UK and Kemi Badenoch's Conservatives, who laud the US model despite its significant social costs.
Donald Trump is set to host a $300 million event in the White House state ballroom next month as part of National Poverty in America Awareness Month, yet it is expected he will continue to avoid implementing poverty-reduction policies. This stance follows a previous high-society gathering with the Saudi ruler, highlighting a focus on elite interests over addressing widespread social issues.
US social problems such as the opioid crisis, mental health challenges, obesity, and poverty are linked to reduced government intervention and the international spread of financial crises. Meanwhile, Mario Draghi's critique of Europe's growth suggests the need for reforms toward a larger state apparatus, described as socialistic and aimed at funding expanded government roles.
Farage and Badenoch oppose Draghi's proposals, advocating for freer markets in Europe and limited support for the poor. This ideological position resonates more with older voters, particularly those over 60, who largely defend only the health service as a vital state institution.
Similar ideological trends are observed in European parties such as Germany's AfD, France's National Rally, and Italy's Brothers of Italy. The advocated approach emphasizes gradualism to protect most people and build resilience in society.
