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Do Americans Have An Entitlement To An Ever Soaring Standard Of Living In Excess Of The Rest Of The World? Americans appear to have some regrettable notion that simply by being Americans, they have an entitlement to a superior and increasing standard of living. False. That might have seemed to be the truth for many decades, however they are in for a really agonizing surprise. An ever more global economy is a fact, and although the topic is to some degree over-worked, it is true that Americans can not demand to be paid handsomely for similar work that Asians are prepared to perform at a cheaper wage. Nor can businesses in India, China, etc., expect to have the ability to always pay those low wages forever. There probably will be some form of a "meeting in the middle" during the coming years with Asian incomes growing and American paychecks falling. That's good news for Asians, but not so great for a lot of Americans. To a large degree, Americans are living off the heritage of our former free-market, small-government, capitalist economy that has been the engine that supplied the rising standard of living Americans used to enjoy and today's Americans appear to expect. I say former, simply because we have anything but that any longer. The central government tries to manage wealth creation even though creating zero wealth whatsoever. Its main products are rules, unsuccessful programs, and aggressive foreign wars. None of these has a constructive impact on the prosperity of this country, and I believe the "military-industrial complex" that President Eisenhower cautioned us about could be the most destructive factor of all. In any case, given his armed forces experience he sure must have known all about it. War is unbelievably costly, and as we have observed, as soon as we get into one the mindset becomes one of "we need to have victory thus we need to expend whatsoever is required to attain it." Sounds like a route to national bankruptcy. Think about what could have been accomplished with the cash we've allocated to these wars. And that does not even include the social damages to people and families. In any event, downsizing on a family level will be the new thing to do, whether we like it or not. A continuously improving standard of living derives from private savings and investment, productive labor, along with a political setting created by a government that doesn't behave like business growth will proceed no matter what the government might decide to do to obstruct it. As far as those factors are absent, so also will increasing private wealth be outside our grasp. One does not have to like the laws of economics, and one may utilize the services of individuals with mistaken ideas to get the answers one would like, however the facts remain the same. 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