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polistra's avatar

Utterly amazing! Romero should stand beside Leonardo as The Renaissance Man.

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John Quiggin's avatar

A general observation relevant to modern discussions in resource-rich countries like Australia about capturing more of the value chain: transport costs determine (almost) everything. We export grain, but not bread and chilled/frozen meant rather than live cattle. The exception that proves (where "proves" means "tests") is that we sell live cattle to Muslim countries where buyers insist on freshly killed halal meat. Also, if you haven't seen it there's a classic article "Shipping the good apples out" by Alchian and Allen making your central point about anthracite.

PS: Your commenting facility continually demands profile updates, then rejects them for using an existing handle. Please fix this

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