Amazon and the “profitless business model” fallacy: “There are very few people in technology and business who are what I’d call apex predators. Jeff is one of them, the most patient and intelligent one I’ve met in my life.”
odd, isn’t it, that the words of jack welch are considered insightful and not patently obvious: ““On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy… your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal. … Short-term profits should be allied with an increase in the long-term value of a company.””
good bye middle class? the top 10 percent of U.S. households account for nearly 50 percent of all consumer spending. but is the middle class disappearing because algorithms and machines are making middle-class skills obsolete.