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> Amazon and Walmart, for example, have both seen their stocks grow as Americans increasingly relied on their services during stay-at-home orders during the pa
by RcouF1uZ4gsC 6y ago
> Amazon and Walmart, for example, have both seen their stocks grow as Americans increasingly relied on their services during stay-at-home orders during the pandemic.
Jeff Bezos through Amazon and the Walton family through Wal-Mart did more to help me and my family, and I suspect most Americans, get through the coronavirus than Bernie Sanders, Ed Markey, and Kirsten Gillibrand.
Businesses that solve the massive logistics problems of operating in a pandemic and provided needed goods to consumers should be rewarded. I am not any worse off that Bezos' and the Walton's stock value increased because of this. In fact, I am better off.
- brabel 6y agoBoth Amazon and Walton were not inventors of the technology you're thanking them for, they were just the biggest behemoths that were able to destroy most competition in those respective areas (in the US, at least) and take over the market. If they had been broken up due to anti-competitive behaviour years ago, you'd be much better off as can be easily verified historically in similar markets where this happened.
- babesh 6y agoAmazon has advanced the efficient distribution of goods more than any company in the last 20 years. One day shipping, easy returns, subscribe and save, photos of the delivery, shipment tracking, etc... The reality is that it is just a lot better run than it’s competition.