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On the one hand, Amazon deserves much of the success it's had. They've changed the game in both online shopping, and in infrastructure management. Most liberal
by sudofail 8y ago
On the one hand, Amazon deserves much of the success it's had. They've changed the game in both online shopping, and in infrastructure management.
Most liberal societies implement policies to create an environment of diminishing returns, to help curb the ability of companies to get "too big to fail". They also implement policies to keep the environment competitive for new companies.
Tax systems that create an environment of diminishing returns seem to be a good approach. If Amazon were paying the amount of taxes that would normally be warranted for a company of its size, this situation would be less frightening. But they've been able to take great advantage of the fatal flaw in our current approach to capitalism: aggressive reinvestment and expansion.
There is no reason to suspect that Amazon won't succeed in fully vertically integrating their supply change through private ship, air and land delivery. There is no reason to think they will not succeed in aggressively expanding into more markets, like music production, tv and movie production, audiobook production, etc. And there is no reason to think they will not aggressively seek to automate as much as they can to further augment their already substantial lead in online retail.
None of these things are inherently bad. They create good products, good services and are a general boon to society. But we need to put in some limits, whether by better tax policy, or by taking a more aggressive stance on anti-trust.
It's unfortunate that these sorts of debates often devolve into "Capitalism vs Socialism", reductionist arguments. The truth is capitalism is a fantastic tool. But unchecked capitalism has serious flaws, and regulation and unions can help to keep things in balance.