> The funny thing is Russia’s economy shouldn’t be larger than Germany’s in real terms, since most of Russia’s output is base commodities, which have the lowest value-added component of any good in a market. The whole point of a sophisticated division of labor and economic system is to build up value through each stage in the production chain.
> Cars, for example, should have more ‘value’ associated with them than the iron ore that went into making the frame.
> This tells you how out of whack the world is in terms of the diversion of capital to unsustainable activity it actually is if a commodity producer is leading a manufacturing giant in wealth generation. This is exactly why the currency shift from debt-based to commodity-based money is going to be so painful.
@11112011 I don't laugh anymore
https://www.youtube.com/watch?v=JFKx8ILUe14&list=PL_wv2OekqOtV_R6kfXnmly6GtZXqRjp7A
Adam Curtis really is a great storyteller
[RT @wrathofgnon]
The summer heat continues. Let's have a look at how the ancient Romans built themselves a cool, breezy, indoor climate and supplied themselves with almost unlimited fresh, filtered, indoor water, miles from wells or aqueducts, at the same time: the impluvium.
@NBS enjoy my dude
@cjd yeah it seems to have moved to lots of places pretty fast
all they need is enough terror to get this pandemic treaty across the line
@cjd they've had several outbreaks last few years