About this topic: as a programmer, I love the IT industry and I love technology. However, I know that our job is just service, and most of the IT industry is moved to service, i.e. we don't produce any real good. The economy could move in this way but not the real economy. People need real and physical good (food, living space, infrastructure, energy and so on), not services.
Economically I think you are right but my sense tells me that this market is not viable by only producing "services".
Most of the world economy "only" produces services. We've been heading in that direction for decades if not centuries.
As worker productivity increases it takes fewer and fewer people to produce more and more stuff. There isn't anything for the rest of us to do but provide services.
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