Moom, if we use GDP per barrel of oil as a measure of "industrial revolution", then you will find that many countries are far less involved in the industrial revolution than in times gone by.
For example, General Motors and Exxon were a very big deal in the 1970s.
Now, check out the market capitalisation of those and compare them with Yahoo! Google, Nokia, Microsoft, QUALCOMM, eBay, Amazon, etc....
The USA is far less dependent on industrial revolution things than back in the glory days of oil.
Same for other countries. China and India will never become "oil" or "industrial revolution" economies. They'll go straight to the cyberspace world, without passing GO and they'll collect a LOT more than $200.
While it's sad for people like me who grew up in the heyday and zenith of the industrial revolution, as my knowledge of carburetors, gearboxes and hydraulic systems is irrelevant to the lives of people these days, the young of today will have a great time without the burden of expensive and dirty smokestack economies.
Mqurice |
