But does it matter if you have an extreme wealth gap, a culture of fear and violence, and a lot of people living in poverty?

It's always nice to point out the things that are doing great according to some metrics, but when put in perspective, what does it end up doing for the people? It shouldn't mean that "unless it benefits blue collar workers it doesn't need to exist", but you'd expect tooting one's own national horn to be put in context a bit better.