El mayor robo industrial de la historia y por qué hoy China tiene el arma | Arqueología económica
Marc Vidal
154,335 views
China now controls 90% of the world's rare earth processing. In the 19th century, the West possessed this weapon, and acquired it through theft.
First episode of ECONOMIC ARCHAEOLOGY, the channel's new series: unearthing an economic event from the past, examining it from the present, and pinpointing where the exact same thing is being repeated now. We begin with a commodity you now associate with prosperity, but which for a century and a half was the most destabilizing force on the planet. A structural trade deficit, a power that only accepted silver, the British East India Company, the Opium Wars, the Boston Tea Party, and a case of industrial espionage that broke the Chinese monopoly forever. Adam Smith and Karl Marx had already written about it. And the mechanism that set it all in motion is still at work today, with the playing field turned upside down: rare earth elements, semiconductors, and the self-imposed dependency of the West.
0:00 The hidden side of your morning ritual
2:23 The wellness business and its facade
3:49 The empire addicted to a leaf
5:31 The solution was a drug
6:52 The official who defied the empire
8:24 Boston: When tea brought down an empire
10:38 The spy who stole the secret of tea
11:58 The industrialization of coercion
13:29 The inverted board: rare earths
15:23 The lesson of economic archaeology
SOURCES CITED IN THE VIDEO:
Global Wellness Institute (Wellness Economics 2024) · National Army Museum (financing the tea trade via opium) · International Energy Agency and Chatham House (rare earth processing) · Adam Smith, The Wealth of Nations (1776) · Karl Marx, Capital · Sarah Rose on tea espionage
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#Economy #China #RareEarths #Geopolitics #MarcVidal
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⚠️ NOTICE: This content is for informational purposes only and does not constitute financial advice. Nothing here should be construed as investment advice; it is for entertainment purposes only. You should not interpret any opinion expressed on this channel as a specific encouragement to make a particular investment or follow a specific strategy, but only as an expression of opinion. This YouTube channel has no obligation to update or correct the information provided in these videos. Statements and opinions are subject to change without notice. This YouTube channel does not receive any compensation for the opinions expressed.
20 Comments
400 años
Buen trabajo
El mayor robo industrial de la historia y por qué hoy China tiene el arma | Arqueología económica
Marc Vidal
154,335 views
China now controls 90% of the world's rare earth processing. In the 19th century, the West possessed this weapon, and acquired it through theft.
First episode of ECONOMIC ARCHAEOLOGY, the channel's new series: unearthing an economic event from the past, examining it from the present, and pinpointing where the exact same thing is being repeated now. We begin with a commodity you now associate with prosperity, but which for a century and a half was the most destabilizing force on the planet. A structural trade deficit, a power that only accepted silver, the British East India Company, the Opium Wars, the Boston Tea Party, and a case of industrial espionage that broke the Chinese monopoly forever. Adam Smith and Karl Marx had already written about it. And the mechanism that set it all in motion is still at work today, with the playing field turned upside down: rare earth elements, semiconductors, and the self-imposed dependency of the West.
0:00 The hidden side of your morning ritual
2:23 The wellness business and its facade
3:49 The empire addicted to a leaf
5:31 The solution was a drug
6:52 The official who defied the empire
8:24 Boston: When tea brought down an empire
10:38 The spy who stole the secret of tea
11:58 The industrialization of coercion
13:29 The inverted board: rare earths
15:23 The lesson of economic archaeology
SOURCES CITED IN THE VIDEO:
Global Wellness Institute (Wellness Economics 2024) · National Army Museum (financing the tea trade via opium) · International Energy Agency and Chatham House (rare earth processing) · Adam Smith, The Wealth of Nations (1776) · Karl Marx, Capital · Sarah Rose on tea espionage
🔴 Become a member → https://www.youtube.com/@marc_vidal/join
🎯 Subscribe → https://www.youtube.com/@marc_vidal?s...
🔔 Turn on notifications
And follow me also on:
🔗 Website → https://www.marcvidal.net
🔊 Podcast → https://spoti.fi/3pQWk64
📽️ Youtube → https://bit.ly/3H3UTKe
📘 My books → https://amzn.to/3r11sFQ
📷 Instagram → https://lnkd.in/dNvTFaQ
🐦 Twitter → https://lnkd.in/d3ZU6Nw
🛡️ Telegram → https://t.me/marcvidal_telegram
#Economy #China #RareEarths #Geopolitics #MarcVidal
__
⚠️ NOTICE: This content is for informational purposes only and does not constitute financial advice. Nothing here should be construed as investment advice; it is for entertainment purposes only. You should not interpret any opinion expressed on this channel as a specific encouragement to make a particular investment or follow a specific strategy, but only as an expression of opinion. This YouTube channel has no obligation to update or correct the information provided in these videos. Statements and opinions are subject to change without notice. This YouTube channel does not receive any compensation for the opinions expressed.
La pregunta del vídeo, para vosotros: ¿de qué dependéis ahora mismo sin poder sustituirlo? Y sobre todo, ¿quién tiene la mano en ese grifo?
Decidme también qué episodio queréis para el siguiente. Van uno semanal o cada quince días.