Fascinating lecture on the world’s informal/underground economy. Thanks to Mark Perry at Daily Markets for bringing it to our attention.
Robert Neuwirth spent four years among the chaotic stalls of street markets, talking to pushcart hawkers and gray marketers, to study the remarkable “System D,” the world’s unlicensed economic network. Responsible for some 1.8 billion jobs, it’s an economy of underappreciated power and scope.
(click here if video is not observable)
