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I think you would be hard-pressed to find any justification for capitalism that doesn't include: 1. Competition, and 2. Property rights. This article does ef
by reissbaker 6y ago
I think you would be hard-pressed to find any justification for capitalism that doesn't include:
1. Competition, and
2. Property rights.
This article does effectively slam Amazon for violating both of those capitalist tenets. But it doesn't effectively say anything about capitalism; the whole problem with Amazon is that it's violating capitalist tenets by being an anti-competitive monopoly, with enough power that it can steal intellectual property with impunity. If there was meaningful competition, and Amazon was forced to respect intellectual property rights... At least as presented by this article, there wouldn't seem to be a problem.
Capitalism isn't anti-government — it relies on governments so that businesses don't have their property stolen.
Amazon's business practices do indeed suck though, and seem (to me) to be illegal. The US government should step in forcefully.
- tehjoker 6y agoI would argue the article correctly points out that the tendency of capitalism via the prism of Amazon is to concentrate wealth and power and undermine the justifications that it grew out of.