Canadian cod was not yet biologically extinct, but it was commercially extinct—so rare that it could no… — Mark Kurlansky
Canadian cod was not yet biologically extinct, but it was commercially extinct—so rare that it could no longer be considered commercially viable. Just three years short of the 500-year anniversary of the reports of Cabot’s men scooping up cod in baskets, it was over. Fishermen had caught them all.
p. 186Source: Wikiquote · CC BY-SA 4.0
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All revolutions are to some degree about money.
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The American Revolution was the first great anticolonialist movement. It was about political freedom. But in the minds of its most hard-line revolutionaries, the New England radicals, the central expression of that freedom was the ability to make their own decisions about their own economy.
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In trade, it is an almost infallible natural law that a hungry low-end market, an eager dumping ground for the shoddiest work, is an irresistible market force.
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