LOUNGE all new asksnapzu ideasforsnapzu newtribes interesting pics videos funny technology science technews gaming health history worldnews business web research entertainment food living internet socialmedia mobile space sports photography nature animals movies culture travel television finance music celebrities gadgets environment usa crime politics law money justice psychology security cars wtf art google books lifetips bigbrother women apple kids recipes whoa military privacy education facebook medicine computing wildlife design war drugs middleeast diet toplists economy fail violence humor africa microsoft parenting dogs canada neuroscience architecture religion advertising infographics sex journalism disaster software aviation relationships energy booze life japan ukraine newmovies nsa cannabis name Name of the tribe humanrights nasa cute weather gifs discoveries cops futurism football earth dataviz pets guns entrepreneurship fitness android extremeweather fashion insects india northamerica
+23 23 0
Published 5 months ago with 1 Comments

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment
  • Appaloosa (edited 5 months ago)

    Great article. There is a lot more to all of the transitions of economies too, its quite amazing. The US decided to be a consumer economy instead of a manufacturing one and exported those activities to lower cost countries. In turn, those countries were able to build infrastructure and in general improve the lives of their citizens. I've seen it first hand over the last 30 years. Japan became a consumer society, and now China is on that path. China has the ability to make and sell itself, much like the US did up until the 80s. The danger is unemployment, as that interferes with consumer purchasing. Anyway, every transition has its bogeyman.

Here are some other snaps you may like...