There’s no such thing as a service economy. The service comes from servicing manufacturing.
I’m no expert, but I see it like this:
Resource extraction.
Manufacturing.
These things create wealth. They build a bigger economic pie which potentially benefits everyone. (”A rising tide lifts all boats.”)
“Rent seeking” is when someone does not make the economic pie bigger, but merely seeks a larger slice for themselves. The service economy fits into this category. Pizza delivery is a nice thing, but there is no real wealth creation in the act of delivering a pizza.
Socialism, in my opinion, is all about “rent seeking”. It’s wealth redistribution. If you have have any money, it just means you stole it from me. Which means I am entitled to steal it back from you. The pie isn’t getting any bigger, but different people get different slices. People who do not create wealth still expect to have wealth.
Any movement to a Service Economy is a movement toward socialism and stagnation.
Of course there is not....