On a business trip to New York, I find myself having lots of conceptual discussions about digital banking and automated capital markets.
“What is Amazon?” one banker asks, I hope rhetorically. “Clearly it is not just an online shop.”
To my relief, he answers himself: “It is a price discovery tool.” His colleague objects, however. “Surely, it is an automated supply chain.”
I have stopped listening. It is late and I have agreed to meet another banker at the ghastly and characterless Hudson Yards where we wander round the new and much heralded arts complex, The Shed.
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