Monday, September 17, 2018

Amazon Capitalism On Steroids

I encourage everyone to buy from locally owned businesses before they go away.


What wasn't mentioned is Amazon bought online pharmacy 'PillPack'
AND
Whole Foods delivery via Amazon Prime expands to 38 cities

There's not much difference between a communist government's control over the marketplace and that of single business. Especially one becoming too big to fail. Once any single company gets too large they set the prices, work hours, benefits and wages for labor. Amazon didn't get large by itself. Consumers and workers allowed it to become the powerhouse it is today. This doesn't mean I consider Amazon evil. However...

By discouraging competition innovation suffers. There's no point in some entrepreneur working their butt off assuming the risks when at the end of the day some super sized company with it's huge financial and legal resources produces a similar knock off for a proven product. Then uses it's marketing pipeline to undercut these independent innovative smucks.

It has been a matter of my long held belief it's not good to have too many eggs in one basket. That bigger isn't always necessarily better. Consolidation is good up to a point. Co-ops between independent businesses can be a good thing, but this isn't what is happening here.

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