10 - Who Financed Hitler pt. 4, or, Economics and Mass Ritual
Programmed to Chill
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Heavy Industry vs Light Industry
The categories of heavy and light industry are only meaningful in a general sort of way. They're conceptual models, right? And there's all kinds of counter examples, but by and large, it holds up. Heavy industry is very capital indtensive and has way more fixed costs. Light industry is less capital intensive and has fewer fixed costs. Its cycles are generally more tied to consumer cycles than business cycles.
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