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All the good land is now dedicated to farming. What's left is the stuff that is hard to grow on; too rocky, too cold, too north for any light, too dry. It tur
by mymythisisthis 7y ago
All the good land is now dedicated to farming. What's left is the stuff that is hard to grow on; too rocky, too cold, too north for any light, too dry.
It turns out the oceans are the opposite of robust, for how large they are.
The economy of N. America depends on building cheap housing, to attract more immigrants, so they can work building housing, to sell to new immigrants.
I have nothing against immigrants. Just pointing out how the economy really works, despite what a small handful of people in a booming (but slowing) tech sector feel about what drives the economy - it's the housing market.
- whatshisface 7y agoThat's a humongous assertion about the US economy and not at all in line with the data. Construction is only 4.0% of the GDP, and the lump of finance and real estate (renting, reselling mixed in with the entire stock market) is 20%. >The economy of N. America depends on building cheap housing, to attract more immigrants, so they can work building housing, to sell to new immigrants. As described, that would fall into the 4%. https://www.bea.gov/data/gdp/gdp-industry https://www.bea.gov/data/gdp/gdp-industry
- smaddox 7y agoThe housing market is not really what drives the economy. It is where a massive amount of credit has been funnelled in the last few decades, though. We do need to change how our macro-economy functions, but unfortunately politicians and most of the economists advising them are oblivious to the critical role that credit plays.