this post was submitted on 12 Jul 2023
77 points (96.4% liked)
Melbourne
1871 readers
70 users here now
This community is a place created for the people of Melbourne and Victoria. We are a positive, welcoming and inclusive community. We might not agree about everything, but we always strive to stay civil and respectful.
The focus of our discussions is based around things that affect Victoria, but we are also free to discuss our local perspective on wider issues. Or head to the regular Daily Random Discussion thread to talk about anything.
Ongoing discussions, FAQs & Resources (still under construction)
Adoption Certificate for Nellie, the Daily Thread numbat (with thanks to @Catfish)
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No. We sell our services overseas. Most of our education industry (in dollar value) is international. We provide STEM services, legal services, financial services, etc to other countries etc.
Taking a step back there is no difference in your question between a national economy and the entire world economy. 64% of the world economy is services.
So no, services aren’t an inferior category of the economy. Manufacturing is fundamentally a service there are just foods involved. You can fuck up manufacturing by making something you can’t sell for more than it cost to make or even sell for less than it costs to make. This is harder to do with services, or at least feedback is quicker because you don’t hold inventory of services.
So then how do we grow the economy if all everyone is just doing is Services for everyone else. This is the fundamental problem with capitalism. There are only two ways. Population growth and debt. But that’s a lesson for another day.
Thank you, the last paragraph really framed my question for myself haha.