this post was submitted on 17 Jul 2023
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[โ€“] ryathal@sh.itjust.works 5 points 1 year ago (1 children)

This us why developed nations have service based economies. Physical resources aren't a constraint.

[โ€“] yogthos@lemmy.ml -1 points 1 year ago

Developed nations have service based economies because large corporations moved industry to cheaper labour markets. What the west now has is largely just a fake economy that doesn't produce anything of actual value.