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Financial Times/Tim Harford
“Indeed, we are surrounded by products we barely understand, produced by people we never meet, often at a quality so high and a price so low — relative to our wages — that our ancestors would be staggered. No one person has a complete view of the production process or co-ordinates it from the moment the cedar tree sprouts to the moment the barcode on the box of pencils is scanned at the checkout.”
USAGOLD note: A humble reminder of how we got to where we are from one of our favorite writers, Tim Harford of The Undercover Economist fame and a regular columnist at Financial Times ……
Repost from 12-16-2020
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