With the pending bankruptcy of Delphi, GM's spin off, we are reminded of how little corporations care about anything but the bottom line.
Corporations, like drug addicts, never think passed the next score.
America has a de-evolving economy, soaring personal and national debt, and a declining purpose in the world other than to make foreign countries economies work.
Years ago when I first heard the phrase "Service Economy" I railed against it as a put down to the spirit of America, but then our corporate leaders went ahead and focused on making profits from the "service industry."
Service Industry?
Industry produces product, basic foods, clothes, cars, buildings, airplanes, space ships.
Service is about serving. Waiting on tables, offering advice, washing clothes. A good example of a service economy is the trade that built up around the Gold Rush towns. Miners mined gold. (Productive work.) General store owners sold them gear. Saloons sold them booze and sex. Washer women washed their clothes. Bath houses opened up to bath and shave the miners. Now that's service.
America's means of production has been shipped off shore for years. There are many things we cant' make anymore because we don't have the abilities. We lose what we don't use.
I constantly see editorial cartoons mocking space industry. Yet this is one of the few areas America can still be competitive in, though not for long.
America, corporate, political, and body politic needs to wake up to the idea we must restore our economy. We won't do it by trade restriction. We'll do it by out performing everyone else, like always.
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