Possibly the first convincing argument I have ever heard in favor of the materialistic accumulative American lifestyle.
Also for a fun large-scale argument: we're relatively sheltered from global depressions. All we really have to do is convince Americans to keep spending money and it kinda works out, because the whole economy is structured around that anyways.
That's also why the economy is in the dumper right now (not counting tech companies), and why the consumer confidence index is so important to our various economists.
But your broader point is well taken.