06-23-2008, 02:04 PM
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Congressman
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Join Date: Dec 2007
Userid: 133 Location: Buffalo, New York, USA
Posts: 5,417
Rep Power: 7
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Quote:
Originally Posted by Skerlnik
Three-sector hypothesis - Wikipedia, the free encyclopedia
(Yeah, I know, Wiki sucks, but it's a good enough intro for this topic...)
According to this theory, America has been moving into a teritary sector, meaning we no longer create wealth (manufacturing raw materials into products, thereby adding value)...going to an almost entirely service based economy.
Much of our economy is predicated on passing money around and taking X cut. We're busy allowing/making what little manufacturing we have outsource to other countries, possibly exporting our lifeblood.
On a sidewalk I use almost every workday, I see a manhole cover that is Made In Mexico. My thought is, we can't even manufacture a basic, steel disc anymore? I've seen plastic US flags that are made in China. Where is this going? If it's cheaper to import than to build, why bother making anything?
So, my question, for discussion is, at some point, will we move to a purely service based economy? Is that even desireable? Howwill we create wealth, or should we simply position ourselves to own the "rights" to reap the profits of manufacturing nations?
Where do you see this trend leading?
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We are a nation of consumers, not producers. We will continue to consume more and more, produce less and less and try to find ways to create "jobs" for people to do just so that we can maintain an unemployment level of less than 10 percent. All the while, we will be hostage to producer nations like China and India.
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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.
"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.
"I'm a panda," he says at the door. "Look it up."
The waiter turns to the relevant entry and, sure enough, finds an explanation.
"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."
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