Sitting in Seattle I can tell you quite confidently that Amazon is swallowing 
parts of even Walmart. Incidentally both Boeing and Amazon declined to talk to 
me.

Anthony
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Anthony P. D'Costa, Chair & Professor of Contemporary Indian Studies
Australia India Institute and School of Social & Political Sciences
University of Melbourne, 147-149 Barry Street, Carlton VIC 3053, AUSTRALIA
Ph: +61 3 9035 6161
Visit the Australia India Institute Website http://www.aii.unimelb.edu.au/ 
Conference: 
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New: After-Development Dynamics (on South Korea)
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Sent from my iPad

> On Jan 16, 2016, at 12:23, Charlie <[email protected]> wrote:
> 
> "loss in wages reduces the final demand for consumer commodities as is 
> obviously borne out by the closing of Wal-Mart stores all around the 
> world this week."
> 
> Probably not a good example of the so-called second contradiction. Over 
> the long run, Wal-Mart has prospered from the decline of real earnings, 
> workers shoddy goods made cheaper by pressuring suppliers to reduce 
> wholesale prices. These store closures are partly a cyclical slowdown 
> and partly an instance of the change from retail stores to online 
> shopping with package delivery.
> 
> 
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