[ninalanyon]

Of course they lead to monopolies. If you start with a large number of equally capable suppliers and one somehow gains an edge then that one will be more profitable than the rest allowing it to invest and reduce its costs. This makes it even more competitive and provides a positive feedback loop. Eventually its competitors go bankrupt or get bought out by it.

Regulation can certainly exacerbate the problem, for instance rules that have a fixed annual cost or where the costs do not increase in line with volume favour larger concerns.

The idea that a totally free market can exist is a fantasy based on assumptions that simply cannot hold water. Regulation is necessary in order to prevent the powerful from abusing the weak. The fact that there are poor regulations does not invalidate the concept.

[Jensson]

But that isn't happening though, you have local specialists everywhere that global giants still can't outcompete. Amazon is only dominant in USA and so on, they mostly just dominate a regulatory environment and can't compete well outside of it.

[esseph]

Amazon does a lot these days, are you talking about their ground satellite terminal service? Grocery Service? What about Online Pharmacy? Do you need to buy a car? Would you like some satellite internet? Do you need a k8s cluster, they'll even handle lifecycle management for you. They also seem well on their way toward seriously hurting the USPS, FedEx, and UPS, and will be outpacing the entire US Postal Service in total volume as of 2028. Would you like to watch a movie or buy an album? Health insurance?

I'm of course talking about maybe 1/50th of the services they offer these days, it is extensive.

"competing"

[lossolo]

I'm not aware of any country besides the US in which Amazon dominates in anything.

[esseph]

Amazon has over 50% of the German e-commerce market, is also #1 in Italy and Spain.

Japan and India have also been getting investments, now that they've established a presence in such a massive scope of industries in the largest economy in the world.

Next year (2027) or maybe 2028 should see them have as a global internet provider ala StarLink.

In the UK, Germany, and Australia, Amazon has around 70% of the audiobook market.

Amazon.com is the world's largest global bookstore.

Twitch controls 70% of the game streaming market except for China.

Give it ~4 years and Amazon will be dominating UK and India delivery and private delivery services.

[sjw987]

I live in the UK and Amazon essentially dominates online retail here. It's usually the go-to brand name which "killed the high street", by undermining it completely.