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Sunday, October 1, 2017

Capitalism without consequences

 Technology decouples economies. AirBNB owns no rooms, but provides accommodations; Uber owns (essentially) no vehicles, but provides transport; Stripe is not a bank, but provides bank accounts; a vast panoply of corporate services run on Amazon-owned servers. There are many excellent things about this decoupling; it improves efficiency, aids focus, and spurs innovation. But technology also has… Read More


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