Water Cooler

Globalisation, the information economy and imperialism

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In Reply to: RE: Some "Inconvenient" truths concerning globalization myths posted by kavakidd on May 10, 2008 at 13:20:06

There was a time when the "west" used the "third world" as a source of raw materials which "the west" manufactured into goods which could be sold back to "third world", if they could afford them, as luxuries.
Now suddenly and immediately after "the third world" has shown it is better at manufacturing than the "west" it is not manufacturing where the big profits lie but in "information" and "knowledge" whatever that may be in a business sense.
I, at heart, can only see filing and accounting.
And the attempt at keeping the money in "the west".
These "service" sectors are those which will drag everything down in my opinion.
What are those figures? Before the industrial revolution, the average person in a productive "job" (whatever that meant then) had to produce enough to support 4 other people. By the 1970s it was 32 other people.
With expectations of 64 other people by 2000.
I have not seen these stats updated for a long time.

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