However, we have indeed ended up in a hell-hole. Again, as someone else mentioned, the U.S. in the early 20th century rose up against the capitalist thinking and companies coming out of the industrial revolution and implemented socialist policies, progressive tax structures, and aggressive anti-trust laws and lawsuits. But the capitalists have one out again and are stronger than ever and are indeed turning the U.S. into a hell-hole.
By many accounts, the U.S. is a hell-hole on the whole. It ranks low in several markings such as education, standard of living, healthcare and healthcare access, wealth equality, infant mortality (i.e., it's quite high in the U.S.), etc. The list goes on. Yes, someone will reply that the U.S. has some of the best education, healthcare, standard of living, etc. in the world. And that is true when looking at specific, local instances. But the gap is wide and as a whole the U.S. is struggling.
Are places like Norway, Denmark, Finland, Sweden, etc. really hell-holes? I'm not saying they are perfect, but there's a reason why they rank on top in terms of health, education, happiness, balance, etc.