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> Amazon [...] simply taking all of the customers and wealth away from all of the smaller businesses Amazon doesn't "simply" take others wealth. It wins by pro

• mytherin 6y ago
  Sure, Amazon wins by providing lower prices through economies of scale. The details of how they acquire customers of small businesses are not relevant because it does not influence the end result. Wealth is moved from one party (a small business) to another (a large multinational). There is a clear loser.
• everybodyknows 6y ago
  Half-true. Amazon also wins by monopoly tactics: https://www.bloomberg.com/news/articles/2020-07-29/amazon-emails-show-effort-to-weaken-diapers-com-before-buying-it https://www.bloomberg.com/news/articles/2020-07-29/amazon-em... And offering new, but delivering used, damaged products to customers: https://news.ycombinator.com/item?id=26320094 https://news.ycombinator.com/item?id=26320094