George Packer
(page 2)
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Before Google, and long before Facebook, Bezos had realized that the greatest value of an online company lay in the consumer data it collected.
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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