Final answer:
The statement is false; while reforming capitalism in the U.S. aims to reduce inequality, significant disparities still persist. The market revolution and subsequent economic policies have resulted in a complex landscape of wealth distribution and social stratifications that reflect a persistent inequality issue.
Step-by-step explanation:
The statement that reforming capitalism in the U.S. has meant eliminating inequality is false. Reform efforts have often focused on reducing inequality, but it still remains a significant issue. For example, the market revolution in the 19th century led to significant social and economic changes in the United States, which is true; however, it also exacerbated poverty and inequality. The notion that wealth is concentrated in the hands of those who do not deserve it has been a persistent sentiment, echoing from the times of Marie Antoinette to the modern Occupy Wall Street movement.
While economic restructuring and policies like Reaganomics have contributed to economic growth, they have also widened the income gap since 1980, making economic inequality increasingly similar to that of Latin American countries rather than European ones. Despite this, the U.S. implements various social programs to mitigate the harshest effects of poverty. However, the economy is not purely meritocratic, as factors like outsourcing, automation, and systemic issues contribute to ongoing disparities.