Pretty inspirational vid about the Honor Quest and the perils of unearned riches. I'm sure nobody in crypto needs to know about that though youtu.be/keQZgd-sppk?si…
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Plus, we’ve been ignoring the king of them all: China. Their legendary controls have kept FDI mostly in check, while simultaneously creating the conditions for the largest export engine the world has ever seen. So why are they so effective?
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Still today, we see South Korea with higher exports, with fewer people. Meanwhile, Thailand remains volatile. Of course there are many differences between these two but clearly the controls served some purpose for their visionary planners in those early years?
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In Thailand, we see mostly a negative trade balance until the mid 90s, when investment also began to take off. While exports were rising, the FDI inflow took off even faster, surpassing Korea at one point.
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This video goes over the barter issue as well as a nice framing of valid vs. invalid myths. Yet the author does miss something about how economics deceptively bypasses the role of honor in exchange and the formation of money: youtube.com/watch?v=27t01y…
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