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Pop business for the intelligent reader. A publication from Medium.

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Retailers are skipping queues for convenience, but at what cost?

Photo: GettyImages

When Amazon launched its first cashier-less store in 2016 — a ‘just walk out’ store as the company prefers — it blew people’s minds. Was it an end to the dreaded supermarket queue? The ability to walk into a store, do your shopping, and leave without standing in a queue…


I Read It So You Don’t Have To

A recent book explains how humans think about wealth, economics, and success

What did I read?

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness published in September 2020.

So who is Morgan Housel?

Morgan Housel is a former financial columnist for the Wall Street Journal. He is now a partner at Collaborative Fund, an early-stage venture capital firm.

Give me the 30-second sell.

Unlike in the fields of medicine or engineering, expertise in…


“Voluntary Time Off” is their trojan horse to exploit workers, minimize wage costs and protect tax breaks

Photo — The Seattle Times

Short break times. Punishment for using the bathroom. Worker surveillance. These are some of the poor working conditions in Amazon warehouses that have been documented in recent years. But, Amazon’s exploitative practices go beyond their blatantly poor treatment of workers. …


Corporate consolidation is squeezing our economy

Tim Mossholder / Unsplash

Back in 2005, comedian George Carlin gave a ruthlessly cynical take on big business in America. To an audience of mostly regular workers, he said:

You have owners. They own you. They own everything. They got you by the balls.

He added that politicians exist to give you the illusion…


Ten years after its publication, the late anthropologist’s deconstruction of economics is more valuable than ever

In the beginning was debt. In David Graeber’s sprawling epic on the history of money, he charts its shape-shifting from credit to coinage, to credit again, then bullion and finally to virtual currencies. …


The dreaded Phillips curve describes the runaway inflation of the 60s and 70s. The situation is very different today.

Anyone who has been following the U.S. monthly economic data lately has noticed that the rate of inflation has been rising over the past year as the unemployment rate has fallen. Here are the numbers:


I READ IT SO YOU DON’T HAVE TO

We’ve been thinking about the government’s finances all wrong

Photo Illustration: Save As/Medium

I Read It So You Don’t Have To is a series that gives you the TL;DR on a business book you want to read — but don’t have time to.

What did I read?

The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy by Stephanie Kelton

So who’s this Stephanie Kelton?

Stephanie Kelton is a…


No Mercy No Malice

Why Scott Galloway believes pessimists make better operators

Optimists are overrated. With Big Tech, Covid-19, or Putin, would we have been better off listening to the optimists or the pessimists? People think it takes optimism to be an entrepreneur. Not so — in my case, it just required the self-awareness to know I didn’t have the skills to…


No Mercy No Malice

Much like an Etch-A-Sketch, Covid has presented an opportunity to envision our lives turned upside down, powder redistributed

While the fires of Covid-19 continue to rage around the world, here in the U.S. we’ve turned a corner. The intensity of an emergency doesn’t register until after it’s over, and many of us are still trying to wrap our heads around the events of the past year. Inevitably, our…


Workers don’t want to come back to low pay, no benefits, long hours, and grumpy customers. Why should they?

Photo by Ehimetalor Akhere Unuabona on Unsplash.

As the American economy digs out from the devastating financial impact of the Covid-19 pandemic, the result has proved a patchwork of unmet expectations, high unemployment, inflation, and plummeting consumer confidence.

To the dashed hopes of optimistic economists, the U.S. financial engine has not rebounded as fast as some predicted…

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Pop business for the intelligent reader. A publication from Medium.

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