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by montagg 1207 days ago
Walmart too. And Target. And grocery stores.

I am not sure people are really prepared to take the implication of how unfair Amazon seems to its logical conclusion, because it means undermining a lot of what makes us comfortable in modern life under capitalism. Regulation targeted at increasing competition (breakups, rather than regulation Amazon as a monopoly of a kind and entrenching them) might result in a better outcome, or it just might make things more expensive and then you have to repeat the same breakup and regulation process again every 15 years.

2 comments

Isn't that inevitably the result if you want the cheapest thing? I pay a little more and I never shop at amazon.
> undermining a lot of what makes us comfortable in modern life under capitalism

I read Wealth of Nations, did I miss the part where it says:

"you should have a single global company control most of the market"?

Every economist writes about importance of competition.

If you want to keep around giant monopolies, you are not capitalist.

On a global scale, it helps if your country is where all the biggest companies are coming from, especially to compete with big companies from other countries.
You could make the same argument fir trade barriers, protectionism, subsidies, etc.

It also comes across as "two wrongs make a right"