And what wealth is created by “the right patents, efficiency studies, good transportation, a top notch sales force, and oh yes —investors. “ without manufacturers?
I did say ‘mostly’.
Yeah, I know, the services couldn't exist w/o the factories, and next we'll hear from the farmers that the factories couldn't exist w/o food, and then we'll hear from all the mothers-- we know that. What also got to know is that if a factory that does not have “the right patents, efficiency studies, good transportation, a top notch sales force, and oh yes —investors“ then it may or may not produce more than a few machines and it definitely won't stay in business for more than a month or two; but some other factory that does have those things will thrive.
We like to think that when we buy a car that the car is mostly made of steel, rubber, and plastic. Most folks don't realize that GM's largest single supplier isn't steel or rubber, it's insurance.