This is crazy. Technology has always ruled America. It's ruled man since the invention of fire. Things have just sped up so that the folks at the top are the ones who can keep up rather than slow it down.
The ones at the top are increasingly just those who happen to already be on top. Keeping up has nothing to do with it, unless by keeping up you mean being wealthy.
Technology wasn't always so centralized and vertically integrated though. Companies that made trucks still had to sell them to someone, they didn't just run a national logistics company themselves, and yet when we get self-driving tech, some car companies are definitely looking at operating their own fleets.
I just heard a couple of malls around my house are converting into high rise apartment buildings. So in the long run the land owners are thinking all that there is room for is housing.
AMZN is one of the most interesting stocks & Companies. Its a new age Warren Buffett-esque value company. He probably doesn't invest in it due to the tech complexity, but it is the type of Company he looks at, just a the 21st century version.
- strong fundamental business
- diversified
- delivers core services
- ubiquitous
- ingrained in everyday life
He owns walmart shares (or did) and Amazon is that for 21st century plus more. It's a logistics play. Tech infrastructure and AWS, market, entertainment & media, real goods, food, search, hardware etc. It's a solid company. It's a ruthless monopoly and I don't love the ramifications, but it ain't goin anywhere.
The important points of the article are that all sorts of industries that historically didn't scale now do so thanks to computer and other technologies, and that is leading to a great centralization, which in turn fuels income inequality.
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[ 30.3 ms ] story [ 333 ms ] thread- strong fundamental business
- diversified
- delivers core services
- ubiquitous
- ingrained in everyday life
He owns walmart shares (or did) and Amazon is that for 21st century plus more. It's a logistics play. Tech infrastructure and AWS, market, entertainment & media, real goods, food, search, hardware etc. It's a solid company. It's a ruthless monopoly and I don't love the ramifications, but it ain't goin anywhere.