2min chapter

Animal Spirits Podcast cover image

When Money Becomes a Liability (EP.296)

Animal Spirits Podcast

CHAPTER

Is Free Shipping a Bad Thing?

Ben X Evans is a venture capitalist who does this annual presentation where he puts together like 200 charts. He shows the department store as a share of US addressable retail revenue. It went from basically average between 20 and 30% between 1930 and 1990. And it's just falling off a cliff since then down to less than 5%.

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