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  1. topcropper

    Worst Manager of Prosperity

    And what is the value of our service imports? I think you will find it's greater than exports? It's certainly a foreign exchange? Does tourism create wealth? It's debatable? I go overseas with wealth I've created here. I spend money overseas. The overseas economy benefits from the money I...
  2. topcropper

    Worst Manager of Prosperity

    Wealth can be generated in services. Education generates wealth for Australia when we educate students from overseas. But it's minor in value compared to mining. It is much more than imports/exports. It's all about productivity. If a nation is highly productive at something, the exports are...
  3. topcropper

    Worst Manager of Prosperity

    Not much wealth is created in services. Being wealthy is having food to eat, energy to run homes and business's, consumables to fill homes with, commodities to build cars and trucks and computers and highways and railways and citys and towns and skyscrapers. Then if you have surplus, you trade...
  4. topcropper

    Worst Manager of Prosperity

    You are a bit mixed up there. Surely you realise that services are what a wealthy nation does with its wealth and productivity. That's why wealthy countries have services making up 70% and more of their GDP, and poor third world countries have small service industries. Australia has 70% of its...
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