4 ms·
> Long-term That is the trick. If short-term Amazon accumulates enough money it can later on purchase businesses with a better reputation and repeat the trick
by Hokusai 6y ago
> Long-term
That is the trick. If short-term Amazon accumulates enough money it can later on purchase businesses with a better reputation and repeat the trick again.
I have seen this done by General Electric. It purchases a medium size company with good reputation and loyal customers. GE reduces costs (quality, employee salaries, etc.) and milks the cow for a decade. When many customers have left because higher prices and lower quality then GE sells the company and repeats the trick with a new one.
For mega-corporations there is no incentive for quality beyond what regulations force them to assure by law. Making Amazon liable for defective 3rd party is the only way that Amazon will care about fraud and counterfeits.
- pbhjpbhj 6y agoSo the demos should be able to improve quality by increasing regulation - like the EU's goods regulations that dictate a minimum 2 year warranty (AIUI); which I hope they're going to gradually increase. The people need to cede power from the Capitalists sufficiently to do that in USA; apply some democracy to the situation. We need to build longevity into our planetary systems of production.