The problem is that those riches and success is just on paper. They are projections and IOUs.
It's like the property market, if everyone has so much money the number of people who can live in Malibu doesn't actually go up. Just the prices of homes in Malibu go up.
No matter what the numbers in the bank account says, the number of people who can get the good stuff will be limited to the actual infrastructure and actual production output. If Americans get even richer, it will simply mean that more millionaires will room share in SV.
EU and Japan, largely cited as economical failure, happen to provide just as good or even better living conditions to their citizens because their infrastructure and actual production output is as good or better than the US.
> No matter what the numbers in the bank account says, the number of people who can get the good stuff will be limited to the actual infrastructure and actual production output.
Only if you define "the good stuff" as "the best stuff." If you define "the good stuff" relative to a subsistence farming or hunter-gatherer lifestyle, the median person today in a developed country is arguably richer than the richest person in town 50 years ago, the richest person in the country 100 years ago, and the richest person on the planet 500 years ago.
Translation: I don't want 'the good stuff', I want 'better stuff than other people.' You're not arguing for quality of life, you're arguing for privilege.
This is nonsense, you could buy a nice car and a home 50 years while working at the post office. Because we have faster computers and smartphones does not make us wealthier.
It's like the property market, if everyone has so much money the number of people who can live in Malibu doesn't actually go up. Just the prices of homes in Malibu go up.
No matter what the numbers in the bank account says, the number of people who can get the good stuff will be limited to the actual infrastructure and actual production output. If Americans get even richer, it will simply mean that more millionaires will room share in SV.
EU and Japan, largely cited as economical failure, happen to provide just as good or even better living conditions to their citizens because their infrastructure and actual production output is as good or better than the US.