I just made a whole video on cabbage economics. This is what you subscribed for, right? *oh my gosh I know the price of diamonds is artificially created I'M SORRY it was just an example* ~ Tim
I think it was the cabbages. They have brainwashed this passionate merchant to make sure its world is fed, specifically the avatar. His group needs to be ready to take anything on, but the cabbages grow bitter. They are not eaten by their allies as much as destroyed or eaten by their enemies. They have given up. This is no longer a world where the cabbages and the avatar may be one. Outside my crazed ramblings, I never even noticed the whole cabbage car subplot thing. I'm glad it worked out.
Working on an oil rig is OCCUPATIONAL RISK, not ECONOMIC RISK. The price per barrel of crude oil doesn't fluctuate if an oil worker jams the machinery with his hands or tumbles into the sea.
I binge-watched ATLA last week and counted how often he says "my cabbages" My dear Tim, you missed one, it was 6 times! :D edit: later in the video you said 6 so you'ee right sorry 😂
Diamonds was a bad example because they are not only painfully abundant but can easily be made in labs accords the world and possibly be able to be mass produced. Diamonds are only artificially expensive because of the supply being only given out in limited amounts not that the supply is limited.
@@hassankhan-jg1dx S3 ep17 as Sokka reads the poster citing various sources and first hand witnesses including quote: "a surprisingly knowledgeable merchant of cabbage."
Head canon: The cabbage merchant became so enraged with the constant destruction of his merchandise that he secretly started the anti-bending movement. Think about it. Search your feelings. You know it to be true.
ian laedtke They DID arrest the CEO of Cabbage Corp on suspicion that they were helping the anti-bending movement, but that was a false lead of course.
He did actually give enough information to the playwright who wrote the play from "The Ember Island Players" to be credited as "A surprisingly knowledgable cabbage merchant." This information also made it to the military, no doubt. The cabbage merchant informed the Fire Nation on the Boomerang Squad's activities.
The Cabbage Merchant is not only a perfect representation of the struggles of a entrrpreneur in a difficult socio economical and political global situation, but also a top notch example of why having recurring side characters, even as brick jokes and running gags, is a brilliant way to make memorable the small, random encounters the protagonists have along the way. It not only aliviates the heaviness of the plot with good ol comedy, but also manages to add depth to the world and radically increase the feeling that the world is alive and not entirely dependant on what the party is doing, while also giving some real consequences to their actions we as an audience cannot see firsthand. Indeed, the Cabbage Merchant is such a layered character and adds so much flavor to the world. Like a cabbage itself.
Yeah, I have an economics orientation in school and this was really easy to understand. Which is great (and useful) since I have an exam about this in a couple of weeks, sooo wish me luck haha :)
Cabbages! Cabbage cabbage cabbage, cabbage cabbages. Cabbages :) Awesome video Tim! Loved it :) Fav side character? Hmm... Do Stan Lee's cameo characters count? XD
@@TheLordboki the cultural side of the price of diamonds are perfectly fine. Marketing is just a part of demand for a good. The reason diamonds are a bad example is entirely down to the market manipulation side of it. The fact that diamonds are a near monopoly with artificially restricted supply.
Cultural manipulation side isn't that bad, I guess. Just a bad case of an industry engaging in aggressive marketing. Aka. You are a looser if you don't want to buy your future spouse a ring with a diamond the size of baby's head.
Yeah was about to leave this comment. I believe that in terms of pure rarity, diamonds are much more common than, say, rubies, sapphires and emeralds, not to speak of other even rarer stones. Though of course the largest, purest or uniquely coloured diamonds are still rare - so long as you are talking of naturally occurring diamonds, as they can be made artificially fairly easily.
People who pretend to watch the show: "Aang is the best character cuz he's the avatar and stuff" People who actually like the show and watch it ect: "no zuko is the best!" Me and mr cabbage man: *"hold my cabbages"*
I get the meme, nicely done. On a more serious note, I think ALL of the characters are amazing for their own reasons, but Uncle Iroh is by far the best. Unlike many other mentor-type characters, he truly shows wisdom in his teachings. I never got that from Master Roshi, Jiraiya, and even Genkai, or for a more western example Obi-Wan.
I don't plan on being an economist, but economics fascinates me. After that initial *click* "It makes sense!" I just couldn't seem to get enough. I took all of the economics classes offered by my local college as soon as possible because I loved it so much. There were 2. Now I'm sad, as I can't study further. At least, not scholastically. I could do research at home, but I suck at that. I wouldn't even know where to begin... *crai*
@@JanMaynz "Now I'm sad, as I can't study further." Why the hell not? You don't need a professor to study the subject-and there're plenty of free e-books on the subject at the mises.org library among other sources.
@@YuriyDel ... I suck at studying on my own. Like, bad. I actually do better by cramming, which I can't grasp how I would do that without taking a class. And yes, I do remember more when I cram. When I study, it flits away by the time I look at it again, when I cram, I think the stress of I NEED TO KNOW THIS NOW makes it stick much longer. ^^
@@JanMaynz Sorry to hear that. I would recommend just setting yourself a deadline as if you were in class. I also know Mises Institute has an online school that might be closer to what you want but without breaking the bank (it's more of an independent study than formal college courses). You can even try out some classes for free, IIRC. Your call and best of luck. If I can help in any way, please let me know.
@@YuriyDel Thanks for the info, but when I set my own deadlines i pretty much never stick to them. I started writing a book in middle school, I know pretty much the entire plot, just have the in-story details to figure out, and I'm only in chapter one... I'm in my second year of college... also, as for the classes, I'm dead broke. I'm desperately searching for a job, but very few people are hiring right now where I live. The only places that seem to be hiring are the places where I can't work, whether it's because schedule or because qualifications or because location or whatever. (I don't have a license for medical reasons, so I have to take the local bus, which doesn't go everywhere I might want to go, like Denny's... they've been hiring for a while, but the bus don't go, so I can't go.)
There’s a divide between industrial and jewelry grade diamonds. Industrial grade diamonds are extremely common while jewelry grade diamonds are rare enough that the market is pretty much cornered by Debeers who can artificially influence the market at a whim.
One nitpick here: you seem to assume that the market of Ba Sing Se is free of government regulation. That is very unlikely. Given that the city is forced to run on a war economy and has to be able to support itself during a major siege (thus needing large stockpiles of food/etc) in addition to being the cultural center of the kingdom and incurring additional costs in having a pervasive policing system and maintaining the illusion of no war, taxes should actually be *very* high.
This is an entire debate... on the accuracy of a video... that was about the story, and net worth of a fictional charachter and their fictional cabbages... in a fictional economy... in a fictional world. I Love It!
Diamonds are a bad example bc the supply is skewed. There are a lot of goddamn diamonds, the diamond companies that own the mines just want you to THINK they’re rare and hard to get
SaramonDGX2 basically they restrict the amount of diamonds people can get their hands on to create the illusion that they are rare when in fact they are one of the most common gems you could find at least in terms of sheer number and while they take many years to form we can artificially produce diamonds easily and way bigger than they are naturally
I would agree with your positive and inspirational conclusion where in not for the fact that though the cabbage merchant himself finally enjoyed success, by the time of the Korra series it seems that Cabbage Corp is now being badly beaten in the marketplace by the superior Future Industries designs created by the Sato family. Though it may continue to be profitable as a provider of much lower quality (see Earth Kingdom Air Ships etc) but consequently more affordable vehicles and technology, it now faces serious competition that may see it bought out by Future Industries or simply go bankrupt. Just because I cannot let a happy ending be. Also: "NOT MY CABBAGE CORP!!!" -Lau Gan-Lan (son of The Cabbage Merchant)
Cabbage Corp remains successful because Cabbage Corp. and Future Industries pursues two completely different strategies. Cabbage Corp. uses a cost-leadership approach, while future industries pursues product differentiation. Those two strategies generally don't get in the way of each other because individual customers will either just want better quality or better price. Low-income customers just want to be able to afford something, while the upper class just want something of higher quality. Both companies are operating in two completely different niches because of this
When you discuss the high barriers to entry for a car company, there's another aspect to the First Mover Advantage in play here. By being first, he also got to benefit from the lower starting barriers to entry. As the technology becomes more established, higher expectations for the product and increased regulation would have increased the barriers to entry. In a way, his success would have driven up the barriers to entry for future players (imagine the difficulty of getting into a comparable market like computers or social media - once the major players are established, products built in someone's basement no longer can compete, as expectations have moved so far ahead).
Studied economics in college and I love ATLA; this video made me enjoy this channel more. Also, I just wanted to say I think you have a great speaking voice and can tell a story exceptionally well. I hope you keep making videos for a long time.
DrewLSsix but also a good understanding of electricity, radio, and even talk of early computers if I remember correctly. I would like to know how war and unification combined with bending to the advance in tech. At any rate I think there is plenty for a video.
Agreed. This is a subject that is much too fascinating to ignore. But here's the queation I want Tim (or anyone in the comments) to answer. It's not ureasonable for societies to have an economic boom after a long time of war. Societies that were isolated from one another are now free to trade again. However, this war is unique in that they were fighting for 100 years. Is the shift from pre-industrial technology to industrial technology reasonable given all we know about the war or is the shift still too sudden?
I think that a technological boom is pretty reasonable. The Fire Nation was the most advanced technological nation during the hundreds year war because they were united and on the on the constant attack (also they made their transportation tech-dependant) while the earth and water kingdoms were unorganized by comparison. With the peace, there was a huge cultural and technological exchange bringing the major Fire Nation advancements to the other nations. Also helping was the discovery (or normalization) of two important bending techniques (metal and electricity bending) created the beginning of a new technological age. Even in light of what I just said, I think it is strange that so much advancement would occur during peacetime. War has always been one of the greatest catalysts for advancement, as depressing as it is. for proof just look at the interwar years between the World Wars where war did not change much between the two but change very quickly during each. But in peace, none of these advancements are really needed for something as important as war. Of course, this is just some of my own though and would still love to see what wisdom our savior will pass down to Tim.
Leaves from the vine Falling so slow Like fragile tiny shells Drifting in the foam Little soldier boy Come marching home Brave soldier boy Comes marching home
TickedOff Priest This Powerpoint has no sources...and most of the facts quoted are from the 1980’s....how has the industry shifted then? The presentation also ends up saying that the future of the cartel is uncertain... I also would like to know if diamonds are controlled by cartel or not but this source is inconclusive
A yes, the cabbage man. He was so funny😃 Ahh, I miss this show. Wish they continued making series for it. Also, am I the only one who liked the Korra series because I have seen so many not liking it? Also, have you read the httyd dragonvine comic yet. If so what are your thoughts on it. I liked the story, and we got more Eret, who I really like tbh, but the art was a bit varied in quality I felt. Ps: potential spoiler alert!! Anyone else read the serpents heir and finnished a bit frustrated that we didn't get to see how the brand new teased tidal class dragon looked!😠 or is it just me who wants to see every species.
I also liked The Legend of Korra, just not as much as The Last Airbender. It started to decrease in quality during the second half of the second season though.
The Cabbages Merchant is under the divine royal protection of Lord Mishka! The Gaang are the true villains of the story and Lord Mishka will grant divine punishment.
@@mrhalfwit972 You'd be surprised how relatively easy jewelry-grade diamonds are to find... industrial diamonds are even easier to find, but jewelry-grade are kept in an artificial shortage to keep prices high.
When I say "you should watch the great series avatar" they always respond "one it's a movie and two I have seen it" and I get so frustrated because it is the best show ever.
The cabbage man is the symbol of the American dream. Through constant suffering and trial by error he endures to keep his business alive and after so long he finally made it to the top and began Cabbage Corp.
Who would've thought that a video on the Cabbage business in the wonderful world of Avatar could be so awesome?! But then again, that's what happens when you're subscribed to one of the best channels on RU-vid!!! :)
I always wondered how long you would wait to make this video and i´m glad you finally did. Best character in the series. The movie failed because he wasn´t included.
Cabbages! cabbages! Ready to be eaten Cabbages! Cabbages! Drive them in a cart They don't make good cookies Which means they'll never sell out The avatar destroyed the cart Cabbages! Cabbages! Cook them into noodles But the avatar destroyed the cart
Actually diamonds are pretty easy to find, it's just carbon that's been under immense pressure for many years. The reason they're worth while is because the diamond cartel keeps a tight control over the supply of diamonds. It's why blood diamonds are frowned upon because they're sold outside the tight circle of the diamond cartel which cheapens the diamond's price.
I enjoyed this! I reveled in it! Muahahahaha! No-one really immediately jumps out at me in terms of side characters now that you ask, but on the subject of Avatar... I would LOVE to see more Koh the Face Stealer and I believe the travelling Nomads deserve at least SEVERAL full albums.
I will not type cabbage in the comments. No matter what happpens I will not type cabbage in the comments. Never wouls I go against your wishes and type cabbage in the comments, because typing cabbage in the comments is rude and go against your wishes.
1:30 actually Diamonds aren't as rare as all of that, the price is controlled by the Diamond businesses; the value of diamonds is completely illusory. ,_,
It would be a radically different show and probably wouldn't work as well. The relationships and interactions the team has with each other (as well as them as a whole with others in the world friend or foe) is such a huge part of the show.
