What has gone wrong with America?
"Real means of getting rich is through the good old American way of producing real goods".
/EINPresswire.com/ Man started as a hunter. Then he went on to farming, where he integrated the hunting process into farming by taming and raising meat in the backyard. Then he moved on to industry. As man progressed he invented a new form of living which we call the service industry. Each step of progress was achieved because each way of life was not just integrated into the next way of life; it was improved to the scale where a small section could produce enough for the rest of mankind.
Hunting as a source of meat was not abandoned it was just that animals were tamed and domesticated. Thus hunting was turned into farming; the next way of life for man. Then farming became a way of life for a while and when the industrial age came along, farming was not abandoned it was just made more efficient by industrializing farming. It became possible for a small minority to produce the food for all mankind. Thus the new age dawned where more and more industry was created by man. First the pillar for survival was hunting and then the next pillar became farming. The farming pillar strengthened the hunting pillar and then came the industrial pillar which again strengthened the earlier pillars. The service industry was always there since ever but in the latest push forward the service industry came into its own and it became independent of all the other industries.
When man moved from hunting to farming to industry man still kept all three going at full force. None of them was abandoned or neglected. In fact each one of these was constantly researched and improved. There is a very big common factor in the hunting, farming and industry sector; real goods are produced that can be valued in real dollars.
For a time the service pillar helped the other pillars and then it started to focus on its own ends and even started to suck away much needed money from the other pillars. Thus making the other pillars especially the industrial pillar weak and neglected; especially abandoning the production of consumer goods boils down to asking for huge trade deficits.
When it came to the service industry, the service industry became an industry that proved efficient to a point where it integrated the other industries to produce a better way of life. Here in America it seems that the service industry became more and more a tool not to service a better way of life but to produce financial returns for the greed of man. Thus huge chunks of the service industry moved more and more away from producing real services for improving life and became more and more paper products. Without creating much real value in real terms. So instead of producing real goods the service industry started producing part phony paper goods.
Even mortgages became a pure service industry. No longer was it necessary to inspect the house to examine its real value. Just huge pools of mortgages were traded based on paper values. For a while money came pouring in. Meanwhile the individual real house mortgages became so bloated that the houses were carrying more debt than they were worth. This created the mortgage crisis.
For quite a while it became clear that real money could be produced just by trading in the service industry. Thus while before, more and more money was poured more efficiently into the earlier industries now the focus shifted into making more and more money just by playing the service industry. America being such a huge power house of production; for a long time it did not show that the American industrial base was gradually weakening for lack of funds.
The stock market for all practical purposes has moved from selling real stock in companies to speculating and gambling stocks. Thus the stock trading instead of providing a chance for common people to invest in secure companies have to take part in gambling. It is like the stock trader instead of taking care of and investing in the
real industry goes every day to the casino to gamble.
It will be interesting to know what is the percentage of the American GDP/wealth that comes from the financial service sector alone. It is said that the financial sector owns more than 50% of the net value of the country. The financial sector clearly is interested in controlling all the wealth of the country. It is perusing its own goals for its own sake. What ever happened to the banks are for serving the people?
Through out history it was about making money through providing goods and services to others now it has become creating money from speculation and gambling with money; with less and less connection with real production of goods and services.
It is not just a question of other countries producing real goods cheaper it is a question of finding more efficient ways of producing real goods here. We should establish a consumer goods producing enterprise zones. We will also have to learn to live within our means.
/EINPresswire.com/ Man started as a hunter. Then he went on to farming, where he integrated the hunting process into farming by taming and raising meat in the backyard. Then he moved on to industry. As man progressed he invented a new form of living which we call the service industry. Each step of progress was achieved because each way of life was not just integrated into the next way of life; it was improved to the scale where a small section could produce enough for the rest of mankind.
Hunting as a source of meat was not abandoned it was just that animals were tamed and domesticated. Thus hunting was turned into farming; the next way of life for man. Then farming became a way of life for a while and when the industrial age came along, farming was not abandoned it was just made more efficient by industrializing farming. It became possible for a small minority to produce the food for all mankind. Thus the new age dawned where more and more industry was created by man. First the pillar for survival was hunting and then the next pillar became farming. The farming pillar strengthened the hunting pillar and then came the industrial pillar which again strengthened the earlier pillars. The service industry was always there since ever but in the latest push forward the service industry came into its own and it became independent of all the other industries.
When man moved from hunting to farming to industry man still kept all three going at full force. None of them was abandoned or neglected. In fact each one of these was constantly researched and improved. There is a very big common factor in the hunting, farming and industry sector; real goods are produced that can be valued in real dollars.
For a time the service pillar helped the other pillars and then it started to focus on its own ends and even started to suck away much needed money from the other pillars. Thus making the other pillars especially the industrial pillar weak and neglected; especially abandoning the production of consumer goods boils down to asking for huge trade deficits.
When it came to the service industry, the service industry became an industry that proved efficient to a point where it integrated the other industries to produce a better way of life. Here in America it seems that the service industry became more and more a tool not to service a better way of life but to produce financial returns for the greed of man. Thus huge chunks of the service industry moved more and more away from producing real services for improving life and became more and more paper products. Without creating much real value in real terms. So instead of producing real goods the service industry started producing part phony paper goods.
Even mortgages became a pure service industry. No longer was it necessary to inspect the house to examine its real value. Just huge pools of mortgages were traded based on paper values. For a while money came pouring in. Meanwhile the individual real house mortgages became so bloated that the houses were carrying more debt than they were worth. This created the mortgage crisis.
For quite a while it became clear that real money could be produced just by trading in the service industry. Thus while before, more and more money was poured more efficiently into the earlier industries now the focus shifted into making more and more money just by playing the service industry. America being such a huge power house of production; for a long time it did not show that the American industrial base was gradually weakening for lack of funds.
The stock market for all practical purposes has moved from selling real stock in companies to speculating and gambling stocks. Thus the stock trading instead of providing a chance for common people to invest in secure companies have to take part in gambling. It is like the stock trader instead of taking care of and investing in the
real industry goes every day to the casino to gamble.
It will be interesting to know what is the percentage of the American GDP/wealth that comes from the financial service sector alone. It is said that the financial sector owns more than 50% of the net value of the country. The financial sector clearly is interested in controlling all the wealth of the country. It is perusing its own goals for its own sake. What ever happened to the banks are for serving the people?
Through out history it was about making money through providing goods and services to others now it has become creating money from speculation and gambling with money; with less and less connection with real production of goods and services.
It is not just a question of other countries producing real goods cheaper it is a question of finding more efficient ways of producing real goods here. We should establish a consumer goods producing enterprise zones. We will also have to learn to live within our means.
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