Quote:
Originally Posted by Craig
The real "value added" isn't in the manufacturing, that can be done anyplace.
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Then why can't it be done in Detroit again? I think it could if we established an environment that permitted it to happen.
Everyone seems to think that the de-industrilization of America is just a "change" in the way our economy operates. Their view is that a service based economy is just as good and can build long-term wealth and prosperity equally effectively as an economy based upon manufacturing value added products.
I'm not sure I agree with this view, can you name a modern country that has ever survived as a world power that didn't have a vibrant manufacturing base?
If our view about service based economies is correct, and that those economies are better and more stable than one based on manufacturing, why isn't China and the other emerging economies pursuing the "service based" model of economic development?