• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Spare a Thought for Bubble Wrap
Economy

Spare a Thought for Bubble Wrap

by December 29, 2022
by December 29, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Comparing Christmas today with Christmases past, David Waugh and Laura Williams eloquently explain that we ordinary Americans in 2022 are far wealthier than were ordinary Americans of just a few decades ago. We are fortunate indeed to live where and when we do!

But evidence of our enormous prosperity, and of its source, is found not only in that which during the holiday season is seen – gifts, decorations, food, and holiday entertainment – but also in that which is not seen… or, rather, in that which is ignored and discarded.

I’m talking about packaging.

Even the simplest packaging – such as the paperboard box that held the shirt you received as a gift – required innovative design and efficient production. The top half of the box fits like a glove over the bottom half. Each corner is a sharp 90 degrees. The paperboard is just the right weight for holding your shirt. A lesser weight would be too flimsy; a heavier weight would have been unnecessary and, thus, wasteful of material.

Not impressed? Then take a look (if your trash-disposal company hasn’t yet carted it away) at the Styrofoam or molded-plastic shell that held and securely protected your new laptop computer or flatscreen TV, with the screen wrapped for further protection in a delicate translucent material. And perhaps your new countertop kitchen appliance was held firm in its box by air-filled pillows or honeycomb wrap paper.

Ponder for a moment the different kinds of packaging materials that you, eager to hold and behold each of the gifts that Santa brought, excitedly pulled out or cut away, and quickly discarded as trash on Christmas morning. Try to recall the many different shapes, sizes, and textures of the outer boxes. Each one was perfectly designed to hold its contents. No heavy cardboard or foam rubber was wasted to package your new pair of jeans; a thin and pliable, but surprisingly tough, piece of plastic did the job. In contrast, that wonderful new pizza oven came to you in an outer box of rigid cardboard that encased a thick shell made of molded paper pulp. Being made in China, the heavy oven and its fragile parts had to be packaged securely for shipping to you abroad.

And voila! Each part is present and intact.

You likely didn’t notice, but within each box there was almost no unoccupied space. Open spaces in boxes are costly. Not only must they be filled with the likes of polystyrene ‘peanuts’ or with paper in order to reduce the likelihood of damage during shipping, any part of a box that leaves an open space is part of a box that can often be shrunk. And by shrinking the surface area of the box, less material is used to produce that box. Here, as in many other areas, the profit motive works wonders for the environment!

From the design and engineering of the boxes themselves to the creation of new, ever-lighter and ever-stronger packaging materials, nearly every gift that we and our wide-eyed children unwrap on Christmas morning is securely encased in a container that is a monument to human ingenuity. Each aspect of boxes and packaging materials was pondered carefully by someone (or someones). What’s the optimal size and shape of the box? Out of what material should it be constructed? How best to design the manner in which each box opens and closes? How best to manufacture each kind of box and each type of packaging material? If such decisions are made carelessly, either the costs of packaging, or the amount of damage to the packaged products, will be excessive.

Only a very wealthy society can afford to devote so much human ingenuity and effort to the careful production of packaging materials that are promptly discarded, in most cases, without a thought after a single use. Yet the innovativeness that is entrenched within even the most mundane of modern-day packaging materials (stuff such as cardboard and Styrofoam) is essential to modern prosperity. Modernity as we know it exists because humans’ innovative spirit was unleashed, to be bridled not by the state or by elites, but overwhelmingly by market forces responding to the demands of ordinary people as consumers. This innovative spirit is so central to capitalism that Deirdre McCloskey proposes renaming capitalism “innovism.” This innovism, unsurprisingly, occurs not only for the production of consumer goods and services, but throughout the vast unnoticed regions of the entire economy – even in the supply of the packaging materials that almost no one notices.

Again, the packaging of our holiday gifts is something that we aim to cut through and discard as quickly as possible in order to lay our hands on the marvels within. We pay no attention to it. Boxes and packaging material are literally thrown away with nary a thought. But next Christmas do try, for just a moment or two, to marvel not only at your gifts encased within their protective packages, but at the packaging itself. And give thanks that you live in a society that rewards individuals to apply their creativity and effort to making such packaging so abundant that you hardly ever notice it, and think nothing of throwing it away.

Wishing everyone a wonderful, prosperous, and freer 2023!

You Might Also Like
  • Georgia secretary of state expects subpoena as Mark Meadows seeks to move Trump election case to federal court
  • Blackburn, Senate GOP roast Schiff for mounting Senate run after years of ‘lies’: ‘No business serving’
  • Poll reveals alarming level of fear of whether 2024 elections will be ‘fair,’ ballot counting accurate
  • Missouri Legislature latest to join tax relief bandwagon
Share
0
FacebookTwitterPinterestWhatsapp

previous post
4 economic events to move the FX market in the first week of January 2023
next post
Freedom’s Future Requires Understanding the Past

You may also like

Trump blasts Harris as part of Truth Social flurry on...

August 23, 2024

Was Biden a winner or a loser in the Democrats’...

November 9, 2023

Dem senators voice concerns over Israel war status as Biden...

April 10, 2024

Biden admin’s top officials attempted to ‘conceal’ Chinese spy balloon...

December 24, 2023

Abortion, Trump won’t hurt Republican turnout in 2024, says female...

June 15, 2023

Trump says he will carry out the ‘largest domestic deportation...

September 21, 2023

Trump catches up to Biden in cash dash, but can...

June 21, 2024

Hunter Biden pleads not guilty to tax charges brought by...

January 12, 2024

Netanyahu vows to invade Rafah regardless of potential cease-fire with...

February 26, 2024

Texas becomes latest state to ban puberty blockers, sex change...

June 7, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,766 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,433 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,310 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Tim Scott relishes debate ‘contrast opportunity’...

    August 23, 2023

    Kentucky Gov. Beshear makes another appeal...

    January 31, 2023

    Iran increases uranium enriched to near...

    May 28, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here