The Soviets already tried this, EC. Is everything OK?
Nah, I'm fine.
Just looking at the way the economy seems to be as a whole (and leaving aside the deep and insatiable pockets of politics for a second) I'm minded of the line from My Hometown: "Foreman says these jobs are going boys, and they ain't coming back." It happened here, it's happening there, manufacturing is being outsourced. It's just particularly noticeable in the USA and the UK because we both were industrial powerhouses for so long.
So what we got left? Sure, there are trades and some service industries, people got to eat, houses got to be plumbed and rewired and bodies have to be plumbed and rewired likewise. Yet you can't build an entire country's economy on trades and services. Something, somewhere, has to bring money in.
The one thing no other country on the planet can match either of us for yet is technological innovation and development. Dad's an aero engineer (Rolls Royce engines) and he had a comment about the Far East - show them something and they can copy it accurately and far more cheaply than you can do. Ask them to build it from scratch and they are stumped.
So my thinking is work to our strengths, which are not down to intelligence so much (there are geniuses everywhere) but our combination of generally decent education and the total lack of social stigma that comes from questioning ideas and dogma. Can't really do much about the second aspect, not without destroying a fairly fragile flower that is the society we have grown over hundreds of years, but we can sure as hell make sure our geniuses have the tools they need to do genius things! Some of those tools happen to be people - the detail guys and gals that take the visionary's sketch and colour it in.
It would, of course, involve getting government AND unions out of schools pretty much completely. If someone wants to pay for the privledge of spending 4 years on gender studies, I say let them go for it. But if someone wants to study science, math, engineering, computing - as long as they keep the grades up, pay them to do it.
I'm probably explaining this terribly.