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Amazon hasn’t put anyone out of business, they don’t have that power. if you don’t understand how the market works, that’s fine, but you shouldn’t be out here spreading misinformation. Customers have chosen Amazon over other businesses, and that is their free damn choice.https://twitter.com/hD5611/status/1173353640616067072 …
And of course all the money that customers save by choosing Amazon is used to buy other things, or save and invest, which creates other businesses and employment.
don't forget about AWS. They are the 800lb Goriila of Cloud Computing.
Not to forget that there are a TON of small businesses operating on Amazon. It's called, Amazon Storefronts. https://www.amazon.com/b?node=17879387011&tag=mh0b-20&hvadid=77721805023530&hvqmt=e&hvbmt=bb&hvdev=c&ref=pd_sl_2tunkbe6hc_b …
Sure - if they act with unfair advantage according to anti-trust laws - many of us are not willing to trust the businesses - pollie - campaign contribution triangle
Let's all worship Jeff’s ingenuity - but keep competition for the long term benefit of a everyone
I remember when amazon was just books and I went to Walmart for floaty toy. Times indeed a changing
Thomas must be channeling WalMart.
Someone's been reading 'Economics in One Lesson' by Henry Hazlitt https://mises.org/library/economics-one-lesson … (Free from Mises Institute, and well worth a read)
If only some people would educate themselves on the notion of creative destruction. They'd be far less fearful of the future.
I hate when people worship the market. We’ve given more power to the market than people have. Market can be easily influenced with a gathering of the right people with the right amount of money. Amazon has forgotten about people because profits are more important.
Amazon is bad for America.
what sort of businesses are growing nowadays?
When amazon got $270,000,000 in tax dollars was that just part or the free market?
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