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Across all retail in the US Amazon makes up 5%. Walmart makes up 15%. Shouldn't the burden of the question be reversed in light of this? While online retail is
by Nasrudith 6y ago
Across all retail in the US Amazon makes up 5%. Walmart makes up 15%. Shouldn't the burden of the question be reversed in light of this? While online retail is growing relative to brick and mortar it is either premature to call it "too big" in absolute terms when a largely brick and mortar competitor is triple the size and not a monopoly seems farcical gun-jumping until it exceeds a max non-monopoly. Whatever the legal standards they should be consistent.
Age of Amazon is just a narrative which is no way to decide monopoly.
- chrisco255 6y ago"15% of total retail sales in Grocery, Home furnishings, Electronics, Apparel, Sporting goods, General merchandise and Office supplies" That's not all of retail. It's certain categories in retail. It's significant, but Amazon has a much broader selection of products and competes in far more sectors of the retail industry than Walmart does. Also, looking forward, over the next 10-20 years and given the changes in the marketplace, who do you think is best poised to dominate retail for the foreseeable future: Walmart or Amazon? https://blog.pipecandy.com/walmart-market-share-story/ https://blog.pipecandy.com/walmart-market-share-story/ As Peter Thiel said in Zero to One, monopolies seek to define their sectors in the broadest terms possible in order to avoid being classified as such.