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by adwn
1989 days ago
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> [...] because the global economy has shifted from one of physical resources to knowledge based ...except for that tiny detail where we're still critically dependent on raw materials that can only be economically extracted in certain parts of the world. Maybe mathematicians only need a blackboard and some chalk to do their work, but the remaining "knowledge based" economy needs computers, of which many parts are produced in a country [1] which is claimed by another country [2] that's been growing increasingly aggressive in recent years. [1] Taiwan. [2] China. |
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Whereas with raw materials, like rare earths: China has a lock on rare earth's because they're willing to completely destroy their own land's to get them, not because they're actually "rare".
We are arguably in a local minima with regards to rare earth extraction because nothing has pushed us to automate the human element out of it and they're not needed in sufficient quantity yet.