China is producing *STUFF*. We are not. We are a serviced-based economy and, eventually, you run out of customers for your coffee shop.
As my husband says, “We’ve become nothing more than a self-licking ice cream cone.”
I think we are going to give Barry and his buddies some of their prized unemployment soon.
*** China is producing *STUFF*. We are not. We are a serviced-based economy and, eventually, you run out of customers for your coffee shop.
As my husband says, “We’ve become nothing more than a self-licking ice cream cone.” ***
“Alfonso Nunez de Castro in 1675: “Let London manufacture those fine fabrics of hers to her heart’s content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens...so long as our capital can enjoy them; the only thing it proves is that all nations train their journeymen for Madrid, and that Madrid is the queen of Parliaments, for all the world serves her and she serves nobody.” A few years later, the Madrid government was bankrupt. The Spanish nobleman had foolishly elevated consumption, a use for wealth, above production, the creation of wealth.”
I’ll take another turn at the “I told you so” booth. I was here during the “free traitor” wars. I was often invited to go back to the DU when I pointed out that American production moving offshore was a bad thing, and would lead to Americans voting for Marxists.
Unfortunately, my prize for being right is we all lose.
I know you’re not talking about ice cream. But last night I was near one of my favorite ice cream stores which my grandson and I used to frequent at least once a week. Was going to treat myself to one small dip in a cup - $4.89 plus tax. Said thanks but no thanks. Maybe just one of the reasons I was the only person who was in the store.