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The 'iEverything' and the redistributional imperative

The 'iEverything' and the redistributional imperative

It's now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Eastman Kodak, the iconic American photography company, had more than 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under, Instagram, the world's newest photo company, had 13 employees serving 30 million customers. The ratio of producers to customers continues to plummet. When Facebook purchased "WhatsApp" (the messaging app) for $19 billion last year, WhatsApp had 55 employees serving 450 million customers. A friend, operating from his home in Tucson, Az., recently...

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