Intelligence Squared: Business cover image

Martin Wolf and Yanis Varoufakis on the Future of Capitalism - Part 2

Intelligence Squared: Business

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The Importance of Labor Intensity Services in Our Economy

I don't see this in such catastrophic terms at all. To me, do I like Amazon? Well, I use it too. It saves me immeasurable amounts of time. The products are usually breathtakingly cheap. By the way, Amazon is not a particularly profitable company because they're very good accountants. They never beat that. You can't hide it that well. And then finally, just look at what our economy actually consists of. Technology gives, and technology destroys, and it has always done so. But we could have much more competition, and I'd be very happy to have Alibaba around too.

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