OK guys, I'm a little late to the party here so much to reply to and I've only got half and hour break!
the absolute living standards of those at the bottom also increase so overall standards of living increase is what we are being sold for the sole benefit of the wealthiest people in the world.
A free market unregulated economy simply does not work for everyone @djkl when you add global in it as well it really falls apart. This is where the EU should help the west but unfortunately it lost its way and tried to become more than a free market for the Western economy. Living standards of those at the bottom also increase so overall standards of living increase, is the theory simply not true in reality, in reality this is only true if those whom are at the top decide to share their sucess, which is where socialism come into play. If you need proof of this have a look at India, brazil or wait for it England previous to our socialist movement which has transformed what we all have and can achieve, those Council houses where not built by Capitalism, it took regulation and taxation to lift the poor out of sleeping in filthy conditions, when 'santa' and her iron handbag sold off the these public assets they are gone forever and now are going slowly back in the hands of the rich because the system doesn't work for anyone bar the people at the top. See where I'm coming from?
We simply don't manufacture what we used too, you (or they) can quote whatever you like we don't. In money value we are bound too, my olds brought their house for 4 grand 50odd years ago, it's like saying I own 32 and half worth of houses now in comparison to them, I'm so much more successful. It's holds no water. Local to me alone speedo, cussions, John player, boots print, fields, Raleigh, imperial tobacco .... I've not even got off house hold names yet or gone further than 5 miles of my house.
I dont think sitting in an office is any less productive than digging coal, you are putting words in my mouth and/or trying to pigeon hole me. Some of he service industries you list are manufacturers to me, if I manufacture a antivirus or computer game and sell it, that's manufacturing not service. I take what you are saying about overseas insurance mind you good point
Last edited by Burton Bridge; 1 week ago