Service VS Production

Discussion in 'Economy' started by spectrumc01, Apr 20, 2011.

  1. spectrumc01
    Offline

    spectrumc01 I give you....the TRUTH

    Joined:
    Feb 9, 2011
    Messages:
    1,823
    Thanks Received:
    257
    Trophy Points:
    48
    Location:
    The United States
    Ratings:
    +260
    I believe that the major problem with our economy is the fact that we have moved from a production economy to a service economy. A service economy does not create wealth, it only shuffles it around. A production economy creates wealth, and we do not produce as much as we used to. If we look at China, India, South Korea, and Mexico we see economies that are heavy in production. All of our problems are just symptoms of this service vs production condition.
     
  2. Midnight Marauder
    Offline

    Midnight Marauder BANNED

    Joined:
    Feb 28, 2009
    Messages:
    12,404
    Thanks Received:
    1,876
    Trophy Points:
    0
    Ratings:
    +1,876
    The countries you mention don't have:

    Unions
    EPA
    OSHA
    High Corp Taxation

    And so on. The playing field isn't anywhere near level.

    Could be a coincidence though.
     
  3. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,757
    Thanks Received:
    12,760
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,696
    The real problem with our economy is this:

    [​IMG]
     
  4. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,757
    Thanks Received:
    12,760
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,696
    And a subset of The Problem:

    [​IMG]
     
  5. spectrumc01
    Offline

    spectrumc01 I give you....the TRUTH

    Joined:
    Feb 9, 2011
    Messages:
    1,823
    Thanks Received:
    257
    Trophy Points:
    48
    Location:
    The United States
    Ratings:
    +260
    Check this out for the supposed high Corp taxes.
    Index of Economic Freedom - Wikipedia, the free encyclopedia

    Here is a list of countries and their unions, India, Mexico, and South Korea are among them.
    List of trade unions - Wikipedia, the free encyclopedia
     
  6. Flopper
    Online

    Flopper Gold Member

    Joined:
    Mar 23, 2010
    Messages:
    15,183
    Thanks Received:
    2,695
    Trophy Points:
    260
    Location:
    Washington
    Ratings:
    +5,269
    I don’t think it is correct to say a service economy does not produce wealth. When we talk about a service economy, there is lot more to it than selling hamburger and cleaning carpets. Producing media, designing and programming computer systems, financial systems, and Internet services are huge industries, generating a lot of wealth. Many companies such as IBM who we think of as a manufacturing company derives most of it’s revenue from services. A country does not have to build widgets to be successful, but whatever it does, it must have a completive advantage and our advantage is not manufacturing.

    The countries with largest service economies are also the countries with the most advanced economies and the highest standard of Living.

    List of countries by GDP sector composition - Wikipedia, the free encyclopedia

    I don't think moving to service based economy is the problem. In fact, it is a natural out growth of affluence. The fact that our economy is 70% consumption is a problem.
     
    Last edited: Apr 20, 2011
  7. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,326
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    I don't think moving to service based economy is the problem. In fact, it is a natural out growth of affluence. The fact that our economy is 70% consumption is a problem.


    eh?........ errruhmmm......... harumph!
     
  8. Sallow
    Offline

    Sallow The Big Bad Wolf. Supporting Member

    Joined:
    Oct 4, 2010
    Messages:
    56,535
    Thanks Received:
    6,132
    Trophy Points:
    1,840
    Location:
    New York City
    Ratings:
    +7,394
    The real major problem is this.

    The major stake holders in private industry have a stranglehold on the government.

    They are creating fake crisises to ram through a very selfish and short sighted agenda.

    This is nothing new. But it's amazing how this gets played out over and over again..throughout the centuries.
     
  9. sparky
    Offline

    sparky VIP Member

    Joined:
    Oct 19, 2008
    Messages:
    3,326
    Thanks Received:
    324
    Trophy Points:
    83
    Location:
    paradise
    Ratings:
    +341
    and on that note.....>

    Wages are not the problem. America’s failed trade policies that open the borders to a flood of cheap imports and allow companies to seek out the lowest labor costs and most lax regulations possible are.

    “Many are quick to blame America’s manufacturing woes on labor and regulation. The fact is, average compensation for an American manufacturing worker, including benefits, is $32/hour. In Germany, the figure is $48/hour,” Scott Paul, executive director of the Alliance for American Manufacturing, writes at CNBC.com.

    “Yet Germany’s manufacturing base is thriving. Germany has a trade surplus. German unions sit on company boards and make joint decisions about investments and strategy.”

    While Germany’s manufacturing sector is thriving because it has a national strategy to maximize the use of the important sector, America’s is declining because of a lack of a plan.
     
  10. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    And this service v production problem stems from what policy?

    FREE TRADE.

    Dumbest policy this nation ever undertook assuming you still believe that it wasn't planned to bankrupt this nation.

    So take your choice...

    Either the masters are dumber than bag of bricks or

    The masters are crashing the US economy on purpose.
     

Share This Page