Remember how the libs told us that replacing “dirty” manufacturing with “GREEN!” financial and service industries was helping to save the planet?
Remember how the media trupteted the “Irish Economic Miracle”? as the new “Green!” utopia?
How many of those 100 companies went belly-up after being nationalized?
It will never occur to the Guardian that militant trade unionism did more to destroy British industry than an “intellectual fad” called post industrialism. Much easier to blame a stupid idea than their fellow Marxists.
In all seriousness, this can’t end well. And the end is very near.
When you stop making things, your economy dies.
Trading paper and haircuts is not a way to prosperity, it is only a way to feed off of the bones of your former manufacturing economy.
Even the middleman merchantilist needs something on the front end, and the receiving end.
A post industrial economy in the US is a national dead-end. We devolve back into a third world colony, just like we were over two hundred years ago.
This time around, our new masters will be the asians, the chinese, and all of the other nations that we sold our sovereignty to for short term financial gain.
Sleep well free traders, and know that your personal gain came at the expense of one of the greatest nations on earth.
So the left-left-wing Guardian has finally caught on.
See Guardian what happens when your high taxes and unions get together and see what they do to your country. Did you seriously not think that they had anything t odo with it?
A product of free trade is international competition. Over time certain firms will do better, some worse.
From near bankruptcy in the 50s, BMW has prospered by being excellent, at what it does.
Here is the history of British Mini motorcars, now owned and built by BMW.
BMW in turn operates around the globe, manufacturing in Austria, and in South Carolina.
History of Mini:
http://en.wikipedia.org/wiki/Mini_(marque)
History of Magna Steyr:
http://en.wikipedia.org/wiki/Magna_Steyr
Eventually the strongest firms, using the best workers, will prevail.
Words like “strongest” and “best” can be defined many ways.
My guess is former Pontiac workers would insist theirs were excellent products. Near the end, Pontiac openly claimed they wanted to replicate BMW, down to twin kidney grill styles.
Another company that BMW bought was American DesignworksUSA, based in Ventura County, California.
http://en.wikipedia.org/wiki/DesignworksUSA
Not only are agriculture, mining, construction, and manufacturing all engaged in the production of goods, but also all of the so-called service industries center on goods. There is the cleaning, repair, and maintenance of goods. There is the transportation of and communications concerning goods. There is the industries performed in connection with facilitating the production, distribution, or ownership of goods.There are industries that depend on the use of goods in their rendition.So, even when a large part of the population is employed in services, manufacture and production of goods is still important.
Being the Guardian, they had to get in their shot at Maggie Thatcher didn’t they?