North Korea’s Mercantile System
North Korea’s industrial sector is now so broken and looted that it’s trucking its raw iron ore to China. Having worked in a few mines myself, all I can say is how ridiculously inefficient it all is. Simply milling, crushing, and smelting the ore vastly improves its value and saves millions on transportation (not to mention wear-and-tear on roads and trucks). Indeed, moving iron ore over any significant difference is almost always done by rail in a normal economy. The...