You're last statement should be:
"who cares, america won't manufacture low end stuff like computer chips but we'll manufacture high end stuff like Intellectual Property."
As this is the reality.
"who cares, america won't manufacture low end stuff like computer chips but we'll manufacture high end stuff like Intellectual Property."
As this is the reality.
Not only do I see our competitive advantage in Intellectual Property declining, I also don't know what comes next after Intellectual Property.
Citation needed. Take me to this mystical place. I have lived in a couple of flyover states. Rent and housing aren't getting cheaper anywhere, compadre.
There's a good reason for this, the vast majority of people aren't shopping for homes in places without jobs.
Arrogance and hubris.
> Not only do I see our competitive advantage in Intellectual Property declining, I also don't know what comes next after Intellectual Property.
We maintain our interests as we always have: destabilizing other countries and war. However, I think pax Americana ends with climate change.
Perhaps, but it might also give opportunities to further it:
"No, Brazil, you can't cut down your forest in your country for farmland. We have to fight climate change! You need to stop right now or else."
If you read about Brazil cutting down parts of the Amazon in places like reddit you'll find that a lot of people in the developed world hold this kind of an opinion. They might even be willing to back some form of sanctions or punishment for Brazil for doing it. This gives a convenient excuse for developed nations to meddle with other countries again.
"Intellectual Property" based economics, like "Service Economy" that we all heard in the 90's has the same flaw, they are self canalizing and built on intangible "honor" based trade
Unlike Physical Manufacturing, of Physical Goods, or the development of Raw Resources.
Solid Foundational economies require the production of solid tangible assets, not "Intellectual Property"