If China doesn't agree to fair trade, what should Trump do?

No problem. Perhaps you'll read up on deindustrialisation and how it's often a positive feature (demonstrating how production is maintained, but with structural change created by productivity and income growth). If so, hope it goes well!

 

Wrong again. Get your facts right, you are in an Economics Forum.

The Services sector is the overwhelming dominance is most developed economies today.

See here: High income OECD countries Compared by Economy

 

FOR F SAKES MAN. Of course we have a large production economy comparatively, WE ARE THE LARGEST Economy in the world. Thats takes NOTHING away from what I said. You keep arguing something I never said. OUR overall economy is NOT production based.....

 

I'll correct it for you: "we have a mature economy and so, of no surprise, there has been significant growth in non-manufacturing activities".

No need to thank me.

 

Sure looked like you got fussy when it was pointed out that the United States still produces an awful lot and there's plenty of BLS data to support that claim. What you've seemed to do is assume that because our service sector has grown that our domestic output has fallen receptively, which simply isn't the case. We produce more than we ever have; there's just fewer human hands involved.

https://apps.bea.gov/iTable/index_industry_gdpIndy.cfm

 

Please go back to what I posted. Thruought my posts I’m debating that the US has a consumption based economy. The size of our economy compared to other countries was NEVER being debated.

70% of our economy is consumption based. THATS what I posted originally.

 

The US economic system is capitalism...NOT consumerism...consumption is a subcomponent of our economy...

 

Why do you keep moving the goalposts ? Oh wait...I know

 

It's NOT a 'consumption economy'...it is a capitalistic economy of which 'consumption' is a subcomponent...

 

So the fact that we're the worlds second largest manufacturer is irrelevant then? We're post-industrial, of course other sectors are growing, that's expected. I'm not making cross country GDP comparisons, I am saying you're flat wrong that we're unproductive and not a significant portion of GDP, if you're still doubting your error, I highly suggest poking around with the BLS data for a spell.

https://apps.bea.gov/iTable/index_industry_gdpIndy.cfm

 

for F's SAKE. Of course it's a capitalist economy. It's ALSO a consumption based economy.

 

Where did I say we were unproductive. You know EXACTLY what I have been saying, and what the debate was about.

You don't like what I said, but you can't refute it either, so you keep trying to move the goalposts.....

Have a nice day.

 

Here, you said it here.

No wriggling out of this one m8.