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>and will say something along the lines of tech/services being the main drivers of growth. Last I checked, much of the revenue from the Big Tech companies come
by shiroiuma 3y ago
>and will say something along the lines of tech/services being the main drivers of growth.
Last I checked, much of the revenue from the Big Tech companies comes from advertising, which is not a productive endeavor, it's really just parasitic (i.e., I equate advertisers with mosquitoes and flatworms).
Just as a wild guess, I'd say most of America's GDP that comes from actually productive industries comes from 1) military hardware, 2) entertainment (music/Hollywood/streaming services to distribute those), probably 3) automaking (including foreign-owned factories), and 4) agriculture/mining/oil.
- abenga 3y agoWho is advertising though? There has to be someone producing something to sell, and for them advertising is a small proportion of their revenue, and it drives increased revenue, or they wouldn't do it. Or do you think there is an advertisement Ponzi scheme where people mostly advertise advertisement services?
- shiroiuma 3y agoThere's no ponzi scheme: the people advertising are the same people who were advertising in the past. They've simply moved from paying newspapers, local TV channels, the Yellow Pages, etc. to show their ads, to paying Google/Apple/Amazon/other adtech companies.