hamburgman said:
So your long term strategy is to be and export based economy? Don't act like resource poor countries can't fight wars effectively by taking over land quickly. Pretty much the game plan by the Axis powers and the German Generals all knew a quick victory was their only shot. We also shouldn't be talking over the last 100 years because the of advancements that have been made in the past 70 years. Check history a little more and you will see that Asian countries are pretty good at sustaining themselves through lean times outside of North Korea. Which I feel is a great example of how turning your back on the international market isn't the way to prosperity vs the Asian Tigers who have used it to become economic powers. If you want to place the resource poor and sustain themselves card I checkmate with Great Britain.
No. Never said anything about taking an isolationist stance. USA should use its intellectual capital to continue leadership in tech fields. Tech fields take a product or data and add value to it, which means that wealth is created. My point was that pure service industries on the other hand really don't create any new wealth or value, but more or less recirculate money that was first earned by someone growing, digging, creating or making something. The Asian Tigers make stuff and sell it to us, which is how they add value to the raw materials they have to import. They use cheap labor to add that value. Your original point as I have quoted, "AMERICA'S FUTURE IS IN SERVICE AND TECHNOLOGY. Specialize, embrace these fields, and be successful." I don't disagree with the part about the future being in technology -- that has been one of the USA's strengths for a long time. I do disagree that there is a huge future in service industries unless there is wealth being created in more basic industries of agriculture, resource extraction, manufacturing or some other means of adding value to products that have a domestic demand as well as an export demand. With our land and resource base, we have assets that many of the Asian countries lack, and that simple fact should make our lean times a lot less difficult than most other countries' lean times.
As far as the Axis Powers and Germany in WWII, although they got off to a great start, they didn't win and had to reformulate their governments. Japan thrives under our protection as do South Korea and others. Great Britain is becoming less great all the time and France is really taking a turd with its new socialist guy.