Question

We once thought that the crisis facing the United States was simply a capitalist economic crisis. However, it now seems that social inequality and reduced class mobility under oligarchy are social crises that are more far-reaching than economic crises, weakening national governance capacity internally and draining national soft power externally.

Answer 1

This statement suggests that the crisis facing the United States is not just an economic crisis, but also a social crisis. The author believes that the growing social inequality and reduced class mobility under oligarchy are causing more widespread and long-lasting problems than just economic issues. This situation is also weakening the ability of the government to govern effectively internally and undermining the country's global influence and soft power externally.

Step-by-step explanation: