Re: Manufacturing as a % of GDP
As usual, the real story is more nuanced than some would have you believe, at least if you didn't have a thoughtful bone in your body.
I wish at times I had majored in Economics. If that chart is true, how do you parse manufacturing dropping in nearly all industrialized countries, with the exception of Korea? How is that possible, while the world economy has grown? Is it possible that manufacturing has been decentralized to smaller rising economies like, say, Vietnam? Is it possible that we simply aren't consuming as much ( hard to believe ). That is a fasicnating and perplexing chart.
Tho' much is taken, much abides; and tho'
We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield. -Tennyson, Ulysses