by eric » Mon Apr 29, 2013 8:46 am
I think you're overestimating the problem and trying to apply historical models to a whole new paradigm while discounting the rise/role of intangible intellectual creations.
I think a prime example is that while many people focus on manufacturing (and I agree, to the extent that we manufacture air craft engines, etc) as the bedrock of the economy, the actual profit comes from the creation and intellectual property management.
the material cost for an iPhone isn't much. If you took the individual pieces and tried to sell them, you just wouldn't make much money (example, China), but when you put the components together in a certain fashion, based on an idea you have, aha! eureka! you've just become a billionaire.
While the service sector is somewhat of a problem if that's all you do, focusing on manufacturing as a solution instead doesn't really solve the problem either.
In turn, the social ills of the country stem from government marginalization of groups, and mis-alocation of resources.
"With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably."