Reply #15: An information economy is based on second-tier profits from manufacturing off-shore

[Leopolds Ghost]

Just as the British free-trade economy of the past 500 years was based on first-tier profits manufacturing using raw materials recovered off-shore and resold to the colonies.

It is a massive "company town" system. A pyramid of workers profiting off each others goods. The actual money involved has fictitious value, as proven by the fact that economist regard it as having infinite recursive multiplier effect -- the notion that every dollar pumped thru the economy makes 1 million people a fraction of a dollar richer. Items of value, for which they pay with those dollars, are not fungible or multipliable.