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>Everyone who bought into post-industrial "service-based" economies in the 80s is now experiencing economies that are mysteriously failing to thrive. Fixed it
by Johanx64 2y ago
>Everyone who bought into post-industrial "service-based" economies in the 80s is now experiencing economies that are mysteriously failing to thrive.
Fixed it for you. I don't understand how people expect "service-based" economies to actually create any long term wealth, growth or prosperity. Unless you're serving increasingly ever more lattes to each other, and increasingly more "banking-services" and rents upon rents somehow are supposed to "grow" the economy and create "prosperity".
The more you de-industrialize your country and outsource everything, to the point that you're failing to meet even your energy needs, and competency to quickly build plants or infrastructure projects dies out, it's bound to result in at best stagnation and going to the shitter eventually, it's a matter of time.
- BeFlatXIII 2y agoAt the same time, uncapped growth of physical goods is simply impossible on a finite planet. No matter how you slice it, forever growth is delusional.
- reverendsteveii 2y agoHow does one reindustrialize, then?