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I am very curious how Walmart will fight back. As we all know Walmart is the biggest company in the world. Their board is consist of famous politicians who have

by 0xFFC 9y ago

I am very curious how Walmart will fight back. As we all know Walmart is the biggest company in the world. Their board is consist of famous politicians who have powers. They will fight back with Amazon as hard as they can.

maxharris 9y ago
Their board is consist of famous politicians who have powers. This is exactly what a just government should stop. The winner should rise up via their economic prowess (i.e., their ability to provide a better/cheaper/lighter/denser good or service that improves human life). NOT their political power (i.e., lobbying for regulations to kneecap an innovative competitor). What hangs in the balance is your access to a better life. Words cannot describe how much better life is when you don't have to babysit physical servers, drive to the mall to buy a pair of jeans, drive to the grocery store to get things like food and soap, etc. If you don't speak up and root for the innovators - those that make long bets when everyone else is against them - you are doing nothing more than shutting down your own future. (It is not an inevitability that achievement is rewarded. There are periods in history and in other cultures where this does not occur! Thus it is a mistake to take wealth and technology for granted - it didn't always exist, and it may not exist in the future. Especially if those that take great risks to drive humanity forward are mercilessly swatted down by lesser minds.) Amazon is a company that made several such long bets. Exhibit A: an article, entitled "Can Amazon Survive?" from 1999: http://knowledge.wharton.upenn.edu/article/can-amazon-survive/ http://knowledge.wharton.upenn.edu/article/can-amazon-surviv... Exhibit B: "Jeff Bezos' Risky Bet," wherein Bloomberg heaped nothing but doubt on AWS when it first came out: https://www.bloomberg.com/news/articles/2006-11-12/jeff-bezos-risky-bet https://www.bloomberg.com/news/articles/2006-11-12/jeff-bezo...

by 0xFFC 9y ago

maxharris 9y ago

Their board is consist of famous politicians who have powers. This is exactly what a just government should stop. The winner should rise up via their economic prowess (i.e., their ability to provide a better/cheaper/lighter/denser good or service that improves human life). NOT their political power (i.e., lobbying for regulations to kneecap an innovative competitor). What hangs in the balance is your access to a better life. Words cannot describe how much better life is when you don't have to babysit physical servers, drive to the mall to buy a pair of jeans, drive to the grocery store to get things like food and soap, etc. If you don't speak up and root for the innovators - those that make long bets when everyone else is against them - you are doing nothing more than shutting down your own future. (It is not an inevitability that achievement is rewarded. There are periods in history and in other cultures where this does not occur! Thus it is a mistake to take wealth and technology for granted - it didn't always exist, and it may not exist in the future. Especially if those that take great risks to drive humanity forward are mercilessly swatted down by lesser minds.) Amazon is a company that made several such long bets. Exhibit A: an article, entitled "Can Amazon Survive?" from 1999: http://knowledge.wharton.upenn.edu/article/can-amazon-survive/ http://knowledge.wharton.upenn.edu/article/can-amazon-surviv... Exhibit B: "Jeff Bezos' Risky Bet," wherein Bloomberg heaped nothing but doubt on AWS when it first came out: https://www.bloomberg.com/news/articles/2006-11-12/jeff-bezos-risky-bet https://www.bloomberg.com/news/articles/2006-11-12/jeff-bezo...