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Palo Alto: A History of California, Capitalism, and the World Highlight

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Big investments in fixed capital and labor training were the key to decades of American prosperity, but that was a different era. Just as capitalists came to understand that they weren’t going to win the Cold War with high wages, no dot-com was going to win its particular race by handing out stock to delivery drivers.

— Malcolm Harris

Replicated under Fair Use from Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris.

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