Ones and Tooze
Santa Claus Economics
Dec 22, 2023
Adam and Cameron discuss various topics related to Santa Claus, including the economics and jurisdiction of the North Pole, the importance of reindeer in the Santa story, and the origins of Christmas traditions in Germany.
28:35
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Quick takeaways
- The economic status of the North Pole is a subject of intense competition among multiple countries, with territorial disputes requiring a solution like declaring it Santa Land.
- Santa's North Pole represents a unique economic model, where resources for toy production are acquired through gift exchange, challenging traditional economic logic and emphasizing abundance.
Deep dives
The Economic Status of the North Pole
The economic status of the North Pole is currently a subject of intense competition among multiple countries, including Russia, the United States, Sweden, Norway, Iceland, Finland, Denmark, and Canada. The United Nations Convention on the Laws of the Sea, ratified by most of these nations, determines the legal terms in the Arctic region. However, there are overlapping territorial claims, notably with Russia having a prior claim to the North Pole and the Normonosov Ridge. The hope is that the North Pole could be declared Santa Land, to resolve the ongoing territorial disputes.
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