All the profits? like in a zero-sum game?
Wealth creation through creativity, like we do every time, that's what we do next.
This article was wasted time
Wealth creation through creativity, like we do every time, that's what we do next.
This article was wasted time
Catchy one liners "Wealth creation through creativity" might help you sleep at night, but seriously, our creative endeavours have never produced anywhere near the amount of capital the resource sector has... What happens when we either get so efficient at resources that they cost nothing, or we run out of the resource?
There is no ultimate conclusion to Capitalism, the system continues to create more prosperity, and capital continues to seek higher forms of productivity and profit, which perpetually raises the standard of living for any nation that deploys Capitalism with its well understood requirements (which include a strong judicial system, property rights, et al). New innovations and breakthroughs perpetually lead to new industry and expansion, creating perpetually greater numbers of jobs (which is why America doesn't only have 500,000 jobs available today; and America isn't even a properly functioning Capitalist nation, it's a poorly functioning highly regulated mixed economy).
More generally, Malthus had much more historical support for his thesis (that population would quickly grow to consume all the food available). But the rules changed.
http://www.forbes.com/global2000/
Only four of the top 20 could reasonably be described as "resource" companies (oil companies, in every case).
It certainly isn't a natural resource like oil or iron ore.
What would you call it?