It seems comforting for some people to believe this.https://twitter.com/RBReich/status/1193526297647108097 …
I've come to realize that a lot of people are using "monopoly" to mean "very large company, lacking equally large competition." It doesn't really matter whether there's a healthy ecosystem of smaller competitors, or whether their advantage is based on product quality.
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In the case of Amazon they competed against an extremely mature ecosystem of larger competitors! Sears, Walmart, Barnes and Noble, Borders, etc. They executed better.
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Amazon is an especially interesting one, because most people *know* that they're executing better: they love same-day/next-day/2-day shipping, good experiences with missing packages or returns, and really don't want to deal with most other online sellers for everyday purchases
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More charitable than my realization.https://twitter.com/zackkanter/status/1191155930152390656?s=21 …
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People want a fundamentally simple situation to be the cause of all their problems. It’s easy to have the solution then. But recognizing a problem is not the same as knowing the solution. A lot of concept creep comes from not knowing there’s a difference.
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I'll tweet this to as many people as it takes before you get it: You heard of "no taxation without representation", right? The reason colonial Americans overthrew the British. Well, the reverse should also be true: no representation without taxation.
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