I certainly don't believe everything should be based on essentials, but when very little growth is from honest to god innovation which produces more or better of something, and isn't valued based solely on its anticipated future returns, or isn't based on innovation which only extracts more from the consumer while providing the same or less in return, I'm a little pessimistic. One day somebody who does innovate will eat your lunch. When too much of your economy is based on services or luxury goods, you're sitting on a house of cards.