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Strategy A / Strategy B.
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Strategy A is labor intensive production.
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Strategy B is capital intensive production.
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The single biggest story, and I'm repeating myself here
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because it's such a big point, in recent world history
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is the substitution of Strategy B for Strategy A,
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and that happening on an extremely uneven basis.
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It's happening in a big way and fast some places,
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and in a little way and slow other places,
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and that generates an enormous vertical dimension to the world.
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There are income ratios between households
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measured in the millions, millions to one,