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the ‘ideas’ economy

The photo on the right brings a drill bit I’ve used (well, I attempted to use) only once. By the appearance, sale’s label, impressive packing, all those commercial misguiding features, it is a masonry drill bit. It didn’t drill into the concrete wall, it overheated in less than 10 seconds - and collapsed. Plastic deformation it is called, I believe.

So, for this ‘made in China’ product, is there anything else beside the idea of masonry drill bit which is built into it? I would like that only one percent of Chinese population (that is, only about ten million Chinese) read the following excerpt from the Non zero, The logic of human destiny book by Robert Wright (Vintage Books, 2000):

Actually, the ‘ideas’ that go into designed goods are only one of the reasons their value so exceeds the value of their raw materials. The other factor is labor - the meticulous assembly that subtle design often entails. Together, these factors encourage long-distance trade by giving practical items a property once confined to germs, silks, and other exotics - a high ratio of value to mass. Along with falling costs of transport, the rising ratio of value to mass has been a basic elevator of trade in recent centuries.

 2010-07-25 

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Krešimir J. Adamić