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Adam Smith defined the free markets as individual producers forming supply to meet the demands of a society at a profit.
That is not how Amazon came to monopolize the book market or even online retail, they did it through excess financial backing that let them to ignore the rules of supply demand, pricing, and what not in order to gain control of the supply chain and individual market killing competition.
I've noticed that whenever disgruntled liberal fanatics get it in their heads to complain and whine about successful businesses, they always start off by telling lies about that business.
Adam Smith defined the free markets as individual producers forming supply to meet the demands of a society at a profit.
That is not how Amazon came to monopolize the book market or even online retail, they did it through excess financial backing that let them to ignore the rules of supply demand, pricing, and what not in order to gain control of the supply chain and individual market killing competition.
I've noticed that whenever disgruntled liberal fanatics get it in their heads to complain and whine about successful businesses, they always start off by telling lies about that business.
And sure enough, here's a classic example.
Wake up.
Did you even watch the video?
I'm not a liberal, but you want to know what fascism is, it's this.
Control over the market dictates the future for retailers, communities, and millions of jobs by the will of a small group of people.
Adam Smith defined the free markets as individual producers forming supply to meet the demands of a society at a profit.
That is not how Amazon came to monopolize the book market or even online retail, they did it through excess financial backing that let them to ignore the rules of supply demand, pricing, and what not in order to gain control of the supply chain and individual market killing competition.
Wake up.
You mean they got private subsidies and sold low until they wiped out the competition. Is that legal?
I'm not pro or anti Amazon. I don't buy much from them either.
My question is if there is a problem, how do you solve it without involving the government?
You mean they got private subsidies and sold low until they wiped out the competition. Is that legal?
I'm not pro or anti Amazon. I don't buy much from them either.
My question is if there is a problem, how do you solve it without involving the government?
The problem doesn’t solely revolve around subsides (though they too are a problem). They also come (as in Amazon’s case) from financial backing that allowed them to ignore the free market system and sell at a loss, something that small businesses weren’t able to do. With this new centralization of wealth Amazon is able to function AS the market for many businesses giving them control over the distribution of wealth in the country.
My solutions may be more radical than you’d like, but whatever you or I believe, we have to operate under the understanding that Amazon and companies like them don’t form because of competition or the free markets, but inspite of them.
Pretty much the same thing Wal-Mart did but in the online sphere.
amazon and wal mart are not anything alike. wal mart built a large corporation selling items through one basic store, wal mart. amazon on the other hand allows smaller retailers to reach a large market through their website. if you want a particular book, you dont have to buy from amazon directly, you can also choose to use one of their outside vendors that has what you want. and you can even later on go though the outside vendor from the vendors website, instead of through amazon.
The problem doesn’t solely revolve around subsides (though they too are a problem). They also come (as in Amazon’s case) from financial backing that allowed them to ignore the free market system and sell at a loss, something that small businesses weren’t able to do. With this new centralization of wealth Amazon is able to function AS the market for many businesses giving them control over the distribution of wealth in the country.
My solutions may be more radical than you’d like, but whatever you or I believe, we have to operate under the understanding that Amazon and companies like them don’t form because of competition or the free markets, but inspite of them.
Hang on -- isn't financial backing part of the free market.
So a free market is one to where everyone has the same financial backing access?
Small business is always at a disadvantage against a bigger business.
Even with 'small business' definition -- there are small businesses that have more financial backing than some of their competitors and able to capitalize on that and eventually know out their competition. That's kind of how a free market works isn't it?
Or is a free market where all the parameters have to be equal for everyone? Really?>
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