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"The growth has been primarily in the financial industry." Completely false and absurd. Supply follows demand. GDP has grown throughout every industry that has
by med555 16y ago
"The growth has been primarily in the financial industry."
Completely false and absurd. Supply follows demand. GDP has grown throughout every industry that hasn't seen a decrease in its demand (e.g. railroads, newspapers, etc.). That includes technology, consumer goods, and technology. The economy doesn't exist in a vacuum. The finance industry provides capital to all industries.
- rbarooah 16y agoIf the financial industry hadn't been bailed out, it would have contacted. In its case, supply hasn't followed demand. Supply is artificially high, because demand has been produced by force.
- chopsueyar 16y agoHow dare you criticize the interventionist market!