Very good thing, for you. The USA has a lot of mining and agriculture too,
but because we have 320 million people, only a small percentage can work
in those fields. Not enough to keep us a rich nation.
--
Chris Crawford
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On 12/5/11 6:39 AM, "Andrew Fildes" <afildes@xxxxxxxxxxxxx> wrote:
>Good job I live in an economy based on primary production. :-)
>Andrew Fildes
>afildes@xxxxxxxxxxxxx
>
>
>
>On 05/12/2011, at 8:13 PM, Chris Crawford wrote:
>
>> Service-only economies only work if the population NEVER needs any
>> manufactured goods, at which point, your lack of something to trade to
>>the
>> producers of such goods in exchange for them causes poverty among the
>> people in the service-economy nation because they cannot buy things they
>> need.
>>
>> Selling them services is not a good option because there aren't enough
>> services we can offer that they (manufacturing countries) cannot do
>> themselves. Countries like China and India are now producing highly
>> trained and skilled engineers and scientists, so the silly idea that the
>> countries like the USA that gave away our manufacturing can survive
>>doing
>> the 'brains' work while outsourcing the 'hard work' work is crumbling
>>fast.
>>
>> You have to make something to be wealthy. The Chinese are smart enough
>>to
>> know that, which is why they've built their incredible manufacturing
>> capacity, which is rapidly making China a rich nation.
>
>--
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