3min chapter

Programmed to Chill cover image

10 - Who Financed Hitler pt. 4, or, Economics and Mass Ritual

Programmed to Chill

CHAPTER

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode