gentoobro on Nostr: "Service economies" can only work if you're exporting the service for a lot of money. ...

"Service economies" can only work if you're exporting the service for a lot of money. Otherwise you're just burning your savings to import the goods you need. Even then you're at the mercy of your trading partners and probably shouldn't go around making enemies all the time.

It looks like Singapore actually makes stuff: https://www.singstat.gov.sg/modules/infographics/singapore-international-trade

I read a phrasing today that is interesting: "wealth creating industries" and "wealth consuming industries".