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"Innovation" refers to practices like staying in the red for a decade and bypassing antitrust laws by owning (rather than monopolizing) markets. It has little
by smhost 5y ago
"Innovation" refers to practices like staying in the red for a decade and bypassing antitrust laws by owning (rather than monopolizing) markets.
It has little to do with technological innovation.
- andrepd 5y agoPrecisely. Much of the "innovations" and "efficiencies" touted (by Amazon and by many other players) are actually not any material/physical/technical improvements, but financial games, buying competitors, operating at a loss, regulatory evasion, monopolisation, etc.
- smhost 5y agoI mean, business/financial innovation is a legitimate kind of innovation. I'm not harping on Amazon for that. I just think that discussions about "loss of innovation" smuggle in some irrational fears about loss of technology when there are no real reasons to.
- choward 5y agoRight. I wonder how much competition Amazon has eliminated over the years with their shady business practices. That competition may have driven innovation even further.