Elham’s Reviews > Sapiens: A Brief History of Humankind > Status Update
Elham
is 70% done
It was lose-lose. Because credit was limited, people had trouble financing new businesses. Because there were few new businesses, the economy did not grow. Because it did not grow, people assumed it never would, and those who had capital were wary of extending credit. The expectation of stagnation fulfilled itself.
— Mar 14, 2021 10:13PM
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Elham’s Previous Updates
Elham
is 75% done
After 1908, and especially after 1945, capitalist greed was somewhat reined in, not least due to the fear of Communism. Yet inequities are still rampant. The economic pie of 2014 is far larger than the pie of 1500, but it is distributed so unevenly that many African peasants and Indonesian labourers return home after a hard day’s work with less food than did their ancestors 500 years ago.
— Mar 15, 2021 09:58PM
Elham
is 65% done
On 20 July 1969, Neil Armstrong and Buzz Aldrin landed on the surface of the moon. In the months leading up to their expedition, the Apollo 11 astronauts trained in a remote moon-like desert in the western United States. The area is home to several Native American communities, and there is a story – or legend – describing an encounter between the astronauts and one of the locals.
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— Mar 13, 2021 09:15PM
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Elham
is 18% done
"Reconstructions of two giant ground sloths (Megatherium) and behind them two giant armadillos (Glyptodon). Now extinct, giant armadillos measured over three meters in length and weighed up to two tons, whereas giant ground sloths reached heights of up to six meters, and weighed up to eight tons."
— Mar 07, 2021 11:02PM
"Reconstructions of two giant ground sloths (Megatherium) and behind them two giant armadillos (Glyptodon). Now extinct, giant armadillos measured over three meters in length and weighed up to two tons, whereas giant ground sloths reached heights of up to six meters, and weighed up to eight tons."
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Mar 14, 2021 10:29PM
Smith taught people to think about the economy as a ‘win-win situation’, in which my profits are also your profits. Not only can we both enjoy a bigger slice of pie at the same time, but the increase in your slice depends upon the increase in my slice. If I am poor, you too will be poor since I cannot buy your products or services. If I am rich, you too will be enriched since you can now sell me something. Smith denied the traditional contradiction between wealth and morality, and threw open the gates of heaven for the rich. Being rich meant being moral. In Smiths story, people become rich not by despoiling their neighbours, but by increasing the overall size of the pie. And when the pie grows, everyone
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