2 ms·
So you don't believe industries can get more efficient when technology is applied? This has to be proven? Over time, the number of sectors in the economy has
by stretchwithme 16y ago
So you don't believe industries can get more efficient when technology is applied? This has to be proven?
Over time, the number of sectors in the economy has grown. This can only happen because on average each takes a smaller percentage of the total economy. Yes, they produce more now than when they began. But that is BECAUSE of the application of technology.
The financial sector grew fat with cheap money supplied by the Federal Reserve. Its risks have been passed on to people with have no choice in the matter, the future taxpayer. And government is currently helping to hide the bad news.
Both government and finance have grown fat on other people's money, people have not yet gotten the total bill.