Quote:
Originally Posted by Mathgod
Did you factor in the lost economic activity, lost livelihoods, and lost tax dollars from all the companies that Amazon put out of business?
For those who don't have time to watch the video, basically the gist of it is that Amazon has used its immense wealth and influence to price-poach businesses into oblivion, resulting in their demise, and gobbling up the market share once held by those businesses. Eventually the company became so big and influential that it became basically impractical for companies to not list their products on it; Amazon would then take your business idea and do it better than you, putting you out of business. Rinse & repeat endlessly. The end result? Amazon has become a global near-monopoly on... well... just about gosh darn everything.
This is the part where economic experts come in and scream at anyone who suggests that anything be done about Amazon's overwhelming influence & power. They'll scream at you that it'll hurt the economy if poor wittle Amazon doesn't get to do everything it wants (of course they'll never acknowledge that there was a time before Amazon existed when the economy was doing just fine). And don't forget, you're a Dunning-Kruger hippie if you dare suggest that Bezos built up his wealth via vicious, predatory, arguably psychopathic means...
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I agree. Amazon is a HUGE net negative for society. It has put countless businesses out of work and transferred that wealth largely to a single individual.
Bezos and Amazon can burn in hell.