I think Amazon is a monopoly. In the past, government solved this by breaking up the monopoly into regional powerhouses or breaking the business into un-vertically-integrated parts. With this said, I don't think Amazon's business structure lends itself to this. Ideas?
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Also, I'm not sure we would reach an equilibrium with China were they to free float their currency. The USD is the world reserve currency and as much as we are a net importer from China, they like holding dollars and stuff like U.S. real estate.
Amazon has monopoly power (or monopsony power) and as much as I resent the company, for one so powerful the harm they've caused using that power has been minimal. That said, I wish they would lower their %take on goods sold on website to benefit consumers.
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Yeah. I agree with that. Since they openly compete with their third party partners, take less or don't compete. It does provide an incentive for a new platform with a lower fee.
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Their Network effects are strong. The new platform would have slow shipping. Also, at any time Amazon could kill it by lowering their referral fee. It's kind of like being an oil company with standard oil trust was around. They dump, you die.
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