"Tesla received $713 million in U.S. subsidies in Q3, compared to its $312 million profit."
Makes sense to me. I bought my last car without setting foot in a dealership and I very much hope to continue that.
"Retail behemoth Walmart announced plans to open a new, state-of-the-art warehouse in California specifically designed to fulfill grocery orders, reports Supply Chain Dive."
"Elon Musk Will Buy $20 Million Of Tesla Stock In Big Show Of Make Believe That Elon Musk And Tesla Are Separate Things"
There are some funny things that can be said about Elon Musk because he is a funny guy. But this one of the best I've seen recently.
John Tamny, interesting as usual.
That Southern city is Birmingham, AL.
Note to the haters--you know who you are--the "Brains" referred to are four professional economists.
Also there's this:
. . . led by Pat Bajari, Amazon has hired more than 150 Ph.D. economists in the past five years, making them the largest employer of tech economists. In fact, Amazon now has several times more full time economists than the largest academic economics department, and continues to grow at a rapid pace.
(That's Tyler Cowen, quoting a recent paper by Susan Athey and Michael Luca.)
It's qualitatively the same point that's been made here a few times: there is a big difference between capitalism and crony capitalism.
UPDATE: link added. Thanks to commenter elliott for the correction.
I'm pro-Amazon, so I think the "rant for Amazon" wins hands down. This, in particular, is widely overlooked:
. . . I did not see the word “ecosystem” in that comment, but Amazon has done a good deal to improve logistics and also cloud computing, to the benefit of many other producers and ultimately consumers.
How can you not applaud this?