
Episode 1: Welcome to Global Capitalism
Containers
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Containerized Cargo Changed Everything in the Economy
90% of dock workers in new york city lost their jobs within the span of about 15 years after container came into being. The factories that provided jobs to a lot of people who lived near the water front were gone. Containerization gave an incredible booth to the global economy, reducing prices for people in rich countries and creating opportunities for literally hundreds of millions of people in asia to work their way out of poverty. No executive order or tariff, can turn the clock back and recreate the old economic systems.
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