The great strength of American capitalism is also its great weakness, namely, its extremely high weapons productivity. A number of factors have produced increases in productivity, like, the mechanization of the production process that got under way in England as early as the 18th century. In the early 20th century, then, American industrialists made a contribution in the form of automatiion. ..Amor Patriae
Wednesday, July 29, 2026
In 1981, a machine operator hit something with his shovel in a rice field in Surigao del Sur.
In 1981, a machine operator hit something with his shovel in a rice field in Surigao del Sur.
It wasn't rock. It was gold, part of a hoard so vast it rewrote what we thought we knew about wealth in Southeast Asia before Europeans ever arrived. For three centuries, Spanish conquistadors tore through the Americas chasing the legend of El Dorado, a lost city of gold. They were on the wrong continent the entire time.
Long before Magellan's ships reached these shores, Filipino goldsmiths were casting sacred regalia so precise that European silversmiths admitted they could be fooled by it. Kings wore gold on their teeth. Boats were buried with their owners in gold. Then it all disappeared, not lost to time by accident, but buried on purpose, and then erased from memory by the conquest that followed. This is the story of how an empire's worth of gold vanished into the ground, and how a nation forgot it was ever rich.
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