Myth of post industrial economy

[Psy]

Why does the myth of America simply having evolved past industrial economy persist? The loss of manufacturing in America has not been replaced by anything, the US imports far more commodities then capital it generates.

Shouldn't it be bloody obvious the US economy is growing hallow? That once you remove the unproductive finical sector the US economy is in far worse shape then the USSR in the 1980.

How is it possible that the US economy does not crash and burn when it is obvious all current growth is based on illusions?

[shorelinetrance]

print more money and throw money it at banks

[Q]

print more money and throw money it at banks
This only works for so long. The current credit crunch is a result of this policy.

[jake williams]

They're still making plenty of money by owning the world, or at least they would theoretically, if corporations played taxes. The domestic population might not have "jobs", but "American" corporations still control much of the world - including a lot of the supposedly outsourced manufacturing sector.

[Psy]

They're still making plenty of money by owning the world, or at least they would theoretically, if corporations played taxes. The domestic population might not have "jobs", but "American" corporations still control much of the world - including a lot of the supposedly outsourced manufacturing sector.

And how are American consumers suppose to pay for these foreign commodities? American consumers consume far more then they earn already, during the long boom most workers owned their car and home, now most worker borrow for even luxury goods like TVs.

[wallflower]

"post-industrial economy" is just a buzzword, and you are correct in identifying it as such. I think "multi-national capitalism" is a far superior term, as it better explains the unnatural conglomeration of bourgeois (and, likewise, proletarian) elements in certain areas of a world-capitalist economy. The lack of a productive international worker-alliance and a bourgeois-owned international media-conglomeration designed to keep the world-proletariat divided virtually guarantees a world-economy with bourgeois-elements centralized in certain areas of the world and proletarian-elements centralized (yet, as mentioned above, too divided by bourgeois information-control) in other areas. "post-industrial economy" is just a happy way to say "the guys with the capital live here and are now able to outsource their labour to parts of the world with less-strict labor-laws."