Unravelling The Money Puzzle: How is Wealth Lost?
Rob’s comments below are in italics.Derek’s comments below are in normal font.
Today’s topic is how wealth is lost. Both of us probably have plenty of first-hand personal examples of this, but ignoring my jokes, what do people need to understand?
Right. So far, we’ve covered how wealth is created by people doing productive work. We also discovered the role of energy in that process. The work might be physical work done by human beings or draft animals, by harnessing natural energy as we discussed, or by consuming fossil fuels. Either way, energy goes into a process that leaves you with…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.