3min chapter

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552. Freakonomics Radio Presents: The Economics of Everyday Things

Freakonomics Radio

CHAPTER

Mongolia's Sustainable Cashmere Platform

Cashmere is six times finer than human hair. China makes up 50% of the market and Mongolia controls another 40%. In Mongolia, where Miga lives, herding was once a collectivist enterprise. But when the country's communist system was replaced by a democracy in 1990, families flooded into the herding business.

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