Economy Of Thrones

Automatic TRANSCRIPT

Moot. Happy Monday Cardiff. Hi stacey. So as you know, yesterday was big. It was the finale of a television show that everyone in the country has been watching for years. Everyone of thrones. Yes. Everyone, but minus one person, the only person in America who does not watch game of thrones. Well, here's the thing. If you'll game of thrones is this whole world? And this is where I'm hoping to sell you on this economics all its own. Okay. I'm more interested than only you. This is the indicator from planet money. I'm Stacey management. And I'm Garcia today on the show economy of thrones Cardiff give you a basic working knowledge of game of thrones so that you can at least function, impolite society, and I don't want you to worry because I'm gonna give you a little bit of economics to help the entertainment go down walked out of this room. If I ends. Economic. I had you economics. Excellent. Support for this podcast. In the following message come from Jimmy Nye, the regulated exchange making it easy to add bitcoin, and other crypto currencies to your portfolio. Protecting your investments with oversight and state of the art cybersecurity open a free account at Jim ni- dot com slash indicator. Support also comes from Google from Connecticut's, California, from Mississippi to Minnesota millions of businesses are using Google tools to grow online. Learn how Google is supporting businesses in your state at Google dot com slash economic impact. I wanted a little help with the economics of game of thrones. So I turned to this man limestone, he has a population economist and he got a little bit obsessed and started writing a lot about the economics inside this world. What we see is a world that is in sort of a late medieval stage of development, late medieval economics Carter, forget everything, you know, about derivatives and monetary policy. We are getting basic and I have five indicators for you. Today about the economics of game of thrones five indicators show of never seen. Well, the first indicator the army's, I mean, even though you haven't seen it, you certainly know that armies are a big feature of game of thrones fighting dragons fire-breathing. Yes. Epic battles between these giant armies these armies. They're sailing over oceans. They're marching over great distances. And lemon says economically speaking that actually does not fly because he says, moving armies around was just a logistical nightmare. It was like moving a city around, and he said you needed, like a ton of time between battles to just regroup and make new weapons. And he said all the speeding from one battle to another which happens and game of thrones. It's just not realistic. But never happen. Real questions. Are you going to feed everybody? Right. This was one of the reasons why the Mongols were able to steamroll through Europe so quickly. Is that the Mongols or horse nomads, who would go for months at a time surviving on, like the milk from the mayor's in their heard right? This army could. Actually feed itself to great extent. And so these European armies would would March out and it'd be like, you know, fifteen thousand guys on one side, fifteen thousand guys on the other, except on the on the European side on their Christian side. You've got, like, really like five thousand guys, ten thousand people kinda support staff in on the Mongol side, you just have like fifteen thousand trained horse archers who can survive off of, like horse milk. That makes perfect sense. Yeah. I mean big army got a feed. It got clothe it. But of course, as you mentioned, the battles, and game of thrones were not just about the army's. They were also about the fire breathing dragons, and that is our indicator number two dragons. So the dragons and game of thrones is, basically like a weapons technology. And he said, this happened a lot in medieval times, this new weapon would be developed and this weapon would give a huge advantage to one side for a while. And then everyone else would have to scramble to find a way to deal with this new weapon so you see, well, literally arms race between the quality of weapons in the quality of armor. So in the early medieval period, you've got guys in like chain chain chain, mail. Yeah. Things like that. And then what happens is the crossbow comes along. Listen, seventy. I mean you really need heavier armor, plate mail. Yeah, wait a minute. Isn't this some kind of dragons rights violation here? Why? Because. The dragons were referring to the dragons as weapons, but aren't they autonomous beings themselves capable of deciding what to do? Like are they just being wielded by one side versus the other or they like horses basically? So, you know, there's this woman denarius targe Aryan mother of dragons walking naked out of burning buildings. No, she does. So, well anyway, so she's there basically a weapon that she can use. But a lot of the other armies start developing weapons to deal with the dragons, and in fact, one guy, develops this aero- gun to shoot down the dragons, and they do actually shoot down and kill a dragon. Oh, it's kind of like if you develop a new aircraft. That's really great technology than the other side develops like an anti-aircraft gun exactly shoot. It down. Okay. Exactly. That is exactly what happened. That's the arms race. Of course, though, in game of thrones of fighting is not just about weapons. And armies it is also about defenses, namely walls. So this is indicator number three walls, while cities castles, there's also this giant. Wall that stands between civilization and these wildland where the army of killers. Ambi- is led by the scary night, king and Lyman says the wall thing is right on. But here's the other thing all the walls and game of thrones spoiler alert, they all get breached Limon's. That's actually also pretty realistic. But he said, nonetheless walls were still a really good medieval investment, if your city you're not thinking how resistant army fifteen thousand determined enemies. You can't your goal is just to make yourself look like enough of a pain in the butt that when a rating party comes through, just be like look, you could take six days to besiege us in look for the week spot in our wall, or you can just go onto the next village that doesn't have a wall. But then as everybody gets walls. Somebody's not enough to have walls. You gotta have a

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