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It doesn’t become more revenue. It maybe a cost reduction which in turn may increase profits, or reduce consumer prices. Either is a good thing. Amazon has a
by aey 7y ago
It doesn’t become more revenue. It maybe a cost reduction which in turn may increase profits, or reduce consumer prices. Either is a good thing.
Amazon has a long track record of aggressively reinvesting its profits.
- cheeze 7y agoSorry, that's a much better characterization of it.
- aey 7y agoAmazon is the best of what capitalism can offer. They have basically crushed competition by focusing on providing better value, not building a monopoly through lobbying or a legal moat. Given that, I wish us economic policy was focused on allowing more Amazon’s to exist in more industries, and a social policy that focused on helping the folks that are acutely negatively impacted by competition.