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That's what they said about Walmart 2 decades ago and it what they said about Sears 2 decades before that.
by mimikatz 6y ago
That's what they said about Walmart 2 decades ago and it what they said about Sears 2 decades before that.
- arcticbull 6y agoI'm not sure that has any bearing. Clearly they hadn't reached the scale Amazon has, so I'd suggest they hadn't found escape velocity. Not that the concept of escape velocity doesn't exist. You can be wrong a million times, you only have to be right once.
- mimikatz 6y agoSure, if Amazon becomes Standard Oil or Ma Bell, have the government bust em up (for them to split logistics from sales or something like that seems likely). For now they seems to be working as capitalism intended created win/win situations where Amazon gets new margin and the customer gets lower prices/better service. I don't think they have reached a monopoly level at all.
- arcticbull 6y agoThey're way past Ma Bell. After all Ma Bell is back, all the Baby Bells merged back together to re-form "The New AT&T." What changed is our tolerance for monopoly.
- cornell532 6y agoLong distance calls cost a pittance now. Service is better. VoIP is a big innovation. Lack of competition in cellular is another story....
- arcticbull 6y agoWhich is also AT&T after the bought back Cingular which was split off from at&t
- lemonspat 6y agoIt does have bearing. Walmart has twice the revenue, and has a grocery monopoly in “43 metropolitan areas and 160 smaller markets”. Walmart put Main Street out of business in most small towns decades ago https://ilsr.org/wp-content/uploads/2019/06/Walmart_Grocery_Monopoly_Report-_final_for_site.pdf https://ilsr.org/wp-content/uploads/2019/06/Walmart_Grocery_...