This, of course, gets to the heart of the myth of consumer driven growth that infects much of the economic thinking in the Western world. More choice and lower prices are great benefits of globalisation. But real wealth is only added to when people make things and sell them.

You can buy plenty of things once you’re rich. But you can’t get rich buying things. Great economies are built on production, not consumption. […]

[…] we have all been duped into believing that service-based economies are the future. If they are, it’s going to be a very grim future indeed, at least for people whose financial lives are hostage to events beyond their control.

Quelle: U.S. Dollar Rally Not Based on Fundamentals

Dieser Eintrag wurde am Freitag, 2. Mai 2008 um 11:32 aufgeschaltet und ist unter den Labels Wirtschaft abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. Du kannst einen Kommentar oder einen Trackback hinterlassen.