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That’s a great point, but I don’t think theory says that you have to stay at the base level of your specialization. While not as high margin as the other industries, they could go up the value chain and start producing smoothie packets to make more money.

If they made great smoothies (in addition to growing bananas), then they wouldn’t be leaving that market to blond Californian influencers living in Bali.

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Well, some of them tried to diversify but the country of the blond Californian sent tanks and the CIA to make sure that the correct parties get their slice and keep everyone else down.

This happened for bananas going into the smoothies, rubber going into tires (at the time), coffee going into lattés, oil going into tires (at a later time), etc

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