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I saw this and I give him credit although I think his idea that Amazon will be the only winner is pretty irrational. Less than 10% of purchases made today are o
by dkrich 9y ago
I saw this and I give him credit although I think his idea that Amazon will be the only winner is pretty irrational. Less than 10% of purchases made today are online and even with that number growing, there are lots and lots of very smart companies with tremendous resources who can compete, not to mention lots of very smart people who can innovate in this space in ways Amazon won't think of and disrupt them. It happens virtually every time a newcomer is predicted to become monopolistic.
- omarchowdhury 9y agoI agree, he also has a video where he posits that Amazon will kill brands, and make brands obsolete. I don't think we will ever live in a world where every product is manufactured and packaged by Amazon. Sure Amazon would love that outcome, but it goes against the consumers need for choice, and then there's also the fact that brands have the resources to compete like you mentioned.