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The Amazon-Walmart Showdown That Explains the Modern Economy

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With Amazon buying the high-end grocery chain Whole Foods, something retail analysts have known for years is now apparent to everyone: The online retailer is on a collision course with Walmart to try to be the predominant seller of pretty much everything you buy. Each one is trying to become more like the other — Walmart by investing heavily in its technology, Amazon by opening physical bookstores and now buying physical supermarkets. But this is more than a battle between two business titans. Their rivalry sheds light on the shifting economics of nearly every major industry, replete with winner-take-all effects and huge advantages that accrue to the biggest and best-run organizations, to the detriment of upstarts and second-fiddle players. That in turn has been a boon for consumers but also has more worrying implications for jobs , wages and inequality. To understand this epic shift, you can look not just to the grocery business, but also to my closet,...
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How GM Beat Tesla to the First True Mass-Market Electric Car

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Ten years ago, the room where I’m standing would have been filled with a deafening roar. The air would have pealed with the sound of a dozen V-8 engines, each one trembling atop its own laboratory pedestal as engineers in white shop coats used joysticks to adjust its throttle and load. ¶ Today, though, this former engine testing facility at General Motors’ Warren Technical Center, outside Detroit, is almost dead silent. From one end to the other—across a space roughly the size of two soccer fields—the room is blanketed with the low-frequency hum of cooling fans, interrupted only by the occasional clack of a keyboard and, on this particular morning, the chatter of Larry Nitz’s voice. ¶ “Let’s take a walk,” he says after we’ve lingered in the doorway a moment. A voluble guy with a head of gray curls, Nitz is chief of electrification at General Motors, and this facility—the largest automotive battery lab in North America—is his domain. In place of all the old V-8s, a grid...
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The Hot New Hip-Hop Producer Who Does Everything on His iPhone

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