Take a look at the picture below.
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Samsung Galaxy S vs iPhone 4 |
Using technology and energy: Oil, ores, minerals and sand are turned into plastics, metals, ceramics and glasses. The latter cost and are worth more than the former. Using more technology and energy: Plastics, metals, ceramics and glasses are turned into smart-phones, computers, TV sets, cars, planes, musical instruments, w.h.y. The latter cost and are worth more than the former. Creating gizmos creates wealth and increases value.
Take a look at the picture below (hat-tip to
Beth Mazur).
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You know who is really leaning in? Little Debbie. We have enough crap to eat. Dial it back a little. |
Using technology and energy: Produce are turned into crap-in-a-bag/box/bottle (CIAB). The latter cost more than the former but are worth less, as nutritional value has been reduced. Creating CIAB creates wealth but decreases value.
I would like there to be more production of gizmos and less production of CIAB.
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