Is it possible, that because of things like globalisation and the employment, by big corporations, of foreign labour (it's cheaper) that powerful countries (at the height of capitalism) will have higher standards of living?
Advanced countries exploit the world market, i.e. the backward countries's raw materials and cheaper labour, for bigger profits. So the capitalists counteract to the "falling of the profit rate" law.
Even the very existence of the socialist countries during the cold war induced capitalists considering high standards of living as an anticommunist political measure.
¡Patria socialista o muerte, venceremos!