Originally Posted by
Siriusowner
I thought you may say something like that. You used the word "nationalism" in your previous post.
In economics, like in other theoretical disciplines, a discussion on concepts and definitions usually derives from the interest in some specific phenomenon under investigation. I have been in discussions about the concept of "service economy" and it has usually been resumed as the interest in the ongoing "structural change" of the capitalist economies.
The partially overlapping notions of “service economy”, “tertiary”, “post-industrial”, “new” economy have been used to characterize the latest stage of capitalist development. We as the leaders of the world, need to move forward not backward. The "service economy" or "post-industrial economy" is the next step in our evolution as a nation.
I hope none of y'all want to go back to a pre-wold war II economy. I did not immigrate to this country to watch my kids become what they can become in the mother land... I have always said that this is the land of opportunity and we did not come here because of "the american dream", the "american dream" is for lazy people... we came here to work intelligently and to prosper.... work bulding cars or homes ? we can do that in the mother land.
BTW: I am an engineer with an MBA, I work as a manager and consultant (a service) my daugther will be starting medical school soon, my son wants to be a dentist and my youngest daugther is still undecided but she will be a "service person", like her brothers and dad who will not be producing anything but a service....
PS: No, I am not familiar with Peter Schiff. I googled the guy and if I think that if he is the guy that came up on wikipedia, he's got the equation correct but he needs to add that the US needs to be producing services, not goods. Those services need to be sold to other nations in exchange for goods.
Oh and BTW, I stongly disagree with your last sentence. If it is true then obviously the US presidency is just a clown office....doctors are quite unproductive, police officers are "monigotes" in uniforms, firemen are nothing more than "apagafuegos" and don't let me continue... the US armed forces are.... All those people provide a very valuable service.... just because they do not make or assemble something does not mean they are not producing something.