Now that we agree that the US is this post-industrial economy, we have to agree with my idea that it no longer influences the rest of the world economy as it used to.
here's why: If post-industrial economies tank, (US. Japan Switzerland and Old Euroland) the rest of the world should not be negatively affected as much as in the past. That because post-industrials have lots of capital but no economic activities. "Hint : The Vancouver Ferrari dealership is back ordered..."
The reasons being:
Money spreads more evenly -out of the post-indutrials- and seeks Petrobras, CNOOC, BHP Billiton, TOYOTA, Sony, etc.
Then GM, Procter and Gamble, Nestle, Ambev, Starbucks, will open factories and offshoots in the countries where the consumers are but lacks capital.
The developing countries' population discover "college and advanced training is almost the only way to have a good life,"
(Unless you're an Elmat who doesn't need that kind of stuff for a good life, but there aren't many Elmat's in this planet)
they pursue this path like Indians do, they become cheap educated people and they start developing that kind of ghetto post-industrial economy among a agricultural-industrial society.
Then a lot of profits and roylties and licences are repatriated, from developing countries back to post-industrials, and the wheel continues to turn. There's where we are today.
But the big think is not a technology such as QCOM. The big thing is the impulse that the whole thing -described above- causes in the whole world. A single technology is not the visible thing.
The visible thing ar 3m diameter tires for mining trucks not available. The big thing is the moolah moving fats and in huge quantities.
the whole scale of all that happening makes the seocnd half of the last century looks like child play.
Oh, now that I mentioned last century's second half just remember: We don't have to pay for a cold war now. There's a lot of money going productive financing development. |
