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152

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[–] [deleted] 5 pts

No.

[+] [deleted] 0 pt
[–] 3 pts

No. America was doomed the instant some asshole in the federal government started using the term "service economy." I remember when it came into popular use among politicians. That was when Detroit was being beaten by the Japanese in automobile quality, and the steel mills were starting to close down in the northeast.

For a nation to prosper and remain strong, it must make things, particularly basic things like machine tools, raw steel and steel rails, ships, mining equipment, and so on. Once a country loses its industrial base, it is on a fast road to fuckitude.

[–] 0 pt

We're in between the automation age and the cultivation stage (primarily parabolic advancement via Capitalism). As it turns out, Capitalism has pitfalls after all. Next, we find out how to automate where we can, decentralize finance, power (electricity), and sustenance and have expansive Art innovations. We're right in the middle of a big transition and there has been and will be a lot of hiccups along the way.

[–] 0 pt

What we find out is how it is to live during a new Dark Age of ignorance, warfare, disease, poverty, starvation and brutality.

[–] 0 pt

Have you tried playing Fallout? I think it'll help you get your doomer, dystopia fix. It's going to be the exact opposite. The catch is the cost of said advancement is growing pains, like we're experiencing right now. Those achievements in innovative expansion cannot come under the current regime. There will be more benevolence installed first, by one means or another.

Sure, so long as the countries that DO manufacture are your friendly frens.

Soon as the manufacturing country becomes your enemy, and you can't mass produce so much as a pallet full of sharp sticks.. you're well and truly fucked. Just like is happening right now!

[–] 0 pt

I read through all the comments and I'm impressed with the answers: "no".

The only reason the United States still has any meaningful economy, to speak of is due to the petro dollar. This goes way back.

A high standard of living requires many things like

a true currency
Manufacturing
Research and development
Education
Infrastructure
High trust society
Small, effective government

Currently, we lack all of this. I'll touch only on the currency aspect. Without an asset backed, debt free currency, you have theft. You cannot store your labor effectively in fiat. You need to convert your labor into something tangible.

A service economy is a fallacy. A service economy is a sub economy, that depends on other sub economies to service. Image car repair. Suppose you're in the in care repair service industry. That depends on having real cars. If you're in the fast food service industry, that depends on people being in offices doing other types of work that depend on many other industries.

The reason you asked this question is because the United States appears to be surviving on a service economy because the media talks in those terms. It cannot.

[–] 0 pt

If the country is small enough and tourism high enough, example: Tahiti.