The Amazon-Walmart Showdown That Explains the Modern Economy / must read via NYT

“Each one is trying to become more like the other — Walmart by investing heavily in its technology, Amazon by opening physical bookstores and now buying physical supermarkets. But this is more than a battle between two business titans. Their rivalry sheds light on the shifting economics of nearly every major industry, replete with winner-take-all effects and huge advantages that accrue to the biggest and best-run organizations, to the detriment of upstarts and second-fiddle players.

That in turn has been a boon for consumers but also has more worrying implications for jobs, wages and inequality.”

The Amazon-Walmart Showdown That Explains the Modern Economy
https://www.nytimes.com/2017/06/16/upshot/the-amazon-walmart-showdown-that-explains-the-modern-economy.html
via Instapaper