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I'm afraid I don't see where you have successfully linked service-reliant economies with debt. There may be a correlation - I haven't looked at the data, but is
by confuzatron 16y ago
I'm afraid I don't see where you have successfully linked service-reliant economies with debt. There may be a correlation - I haven't looked at the data, but is A a cause of B?
- varjag 16y agoI've seen no half-decent model of wealth creation in service economies. It's the equivalent of dark matter in modern economics, and all attempts at it I've seen end up in explaining away why the accumulating debt is not an issue. If you know of a good one, please point me to it. I would like to be proven wrong here, and educate myself. Service economy sounds wrong superficially, and doesn't have clear, satisfactory explanation when you dig into details either. I feel the major reason why it is cited as future is that it's the way society drifts to at the moment. That, coupled with their actual underperformance, is what pushes me to this, apparently unpopular, conclusion.
- confuzatron 16y agoOK, it appears that we both lack any argument to back up our positions, but my position is 'Hmmm. I don't know about that'. I feel like I'm more justified in taking my position than you are in taking yours. :)