The Value of Power and Wealth in the U.S. - A Closer Look
One might ask, does it really matter if the United States is not the most powerful or richest country? Can we assume that such power and wealth have no tangible impact on the lives of American citizens? This article will explore the tangible benefits that power and wealth bring to the United States, particularly in terms of global security, economic influence, and the standard of living for its citizens.
Global Peace through Power
The United States has played a pivotal role in establishing and maintaining a rules-based international system. This has contributed to more than 75 years of relative peace, marking the longest period in human history without major power conflicts. This peace is not lost on the citizens of the U.S. whose brothers, sons, and nephews (often men) are spared the horrors of war. By choosing peace and stability, we ensure the safety and well-being of our loved ones, fulfilling a basic human desire for security.
Economic Benefits of Being Strong
Being a powerful nation has tangible economic benefits. One significant advantage is lower mortgage rates. When other countries conduct trade in U.S. dollars, it results in much lower interest rates on homes and cars. For example, if you are currently paying a certain amount in mortgage or car payments, increasing these costs by 25% would significantly impact your budget. Lower mortgage rates mean more affordable homes and automobiles, enhancing the quality of life for many Americans.
Contrasts with Germany
It's important to note that while the U.S. is not the richest country, it often shares a high standard of living. Germany, for instance, offers a more comprehensive safety net. Take, for example, the long-term unemployed in Germany, who generally enjoy a better quality of life than 60 million Americans. They have free healthcare, free education, and free rent up to reasonable costs. These individuals also receive benefits that allow them to spend on food, clothing, and leisure activities. Despite its lower population, Germany has also managed to maintain better debt levels. Since 2010, Germany has continuously reduced its debts, even during the economic crisis from 2007-2009.
Security and Independence from Threats
Power and wealth provide a level of security and independence that is essential. The U.S. is not perfect, but the knowledge that the most powerful and influential country in the world is there to safeguard us offers a sense of confidence. This is not just about economic benefits; it's also about security against potential threats. American citizens do not have to fear state-run media, ethnic cleansing, or the imposition of official religions. We have the freedom to live our lives without such oppressive measures.
Tangible Improvements in Living Standards
Economic power and wealth mean that our houses are more spacious and our cars are of higher quality, reflecting a better standard of living compared to much of the world. This wealth also allows us to achieve significant changes without compromising our quality of life. For instance, we have the capacity to transition to mostly-green energy without experiencing a meaningful drop in our standard of living. Wealth in this sense is not just about material possessions but also the freedom to make substantial changes.
Moreover, being powerful means that we are not just Thanksgiving turkeys, prey to any power that covets our riches. Instead, we are strong enough to be neither predators nor prey. We can be producers and leaders, ensuring our nation's confidence and stability.