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Walmart’s period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.

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George Packer

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The information age has made Thiel rich, but it has also been a disappointment to him. It hasn’t created enough jobs, and it hasn’t produced revolutionary improvements in manufacturing and productivity. The creation of virtual worlds turns out to be no substitute for advances in the physical world.

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In its lowest, most common form, inspiration is simple charisma that becomes magnified by the media, as with Ronald Reagan or Bill Clinton.

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April 29, 2024

In its lowest, most common form, inspiration is simple charisma that becomes magnified by the media, as with Ronald Reagan or Bill Clinton.

Previous

April 29, 2024

The information age has made Thiel rich, but it has also been a disappointment to him. It hasn’t created enough jobs, and it hasn’t produced revolutionary improvements in manufacturing and productivity. The creation of virtual worlds turns out to be no substitute for advances in the physical world.

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