Let Us Plunge Into Our Fast-Unfolding Economic Future

In 1859, when Manhattan still had many farms, near the Battery on the island's southern tip the Great American Tea Company was launched. It grew, and outgrew its name, becoming in 1870 the Great Atlantic & Pacific Tea Company, which in 1912 begat the first A&P Economy Store, a semi-modern grocery store. By 1920, there were 4,500 such stores; by 1930, 15,000. In 1936, in Braddock, Pa., A&P opened a supermarket. By the 1950s, A&P was, briefly, what Walmart now is, the nation's largest retailer, with a 75 percent share of America's grocery business. A&P was, however, about to learn that Karl Marx was right ...