What "Heavy Industry" Actually Means
Heavy industry" sounds like a description of big, heavy things. It isn't. The real definition is economic: higher capital intensity, deeper cyclical swings, and a place upstream in the supply chain. This episode pulls apart the term Daniel asked about — what counts as heavy versus light, when the vocabulary emerged, how it fits the standard sequence of industrial development, and why the countries that industrialized first eventually saw it decline. Along the way: why a semiconductor fab is heavy industry and a bakery isn't, how East Asian states turned heavy industry into policy, and what…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.