3 ms·
But it's not just about 'consumers' is it? I mean its great and all that you are playing devils advocate and using your education to argue on behalf of a Trilli
by NeuNeurosis 5y ago
But it's not just about 'consumers' is it? I mean its great and all that you are playing devils advocate and using your education to argue on behalf of a Trillion dollar corporation but this isn't just about what an economist thinks, especially since economists get it wrong all the time. This entire discussion is about peoples natural reaction to a super large entity, that as one of your supporters put it "single-handedly makes up 4% of the US economy" buying more of the US economy thus further concentrating money/power in fewer hands.
- hn_ta 5y ago> But it's not just about 'consumers' is it? Who else is it about? If any sort of investigation is to be brought into it, the main investigation would be on behalf of consumers right? > "single-handedly makes up 4% of the US economy" Correction: 4% of the US stock market, not the US economy. Regardless, is your argument that any company that is at a certain threshold % of the US economy/stock market should not do acquisitions or expand their business?
- huitzitziltzin 5y agoSorry to disappoint you, but this is what I actually believe. I am not playing devils advocate. Economists do get it wrong. If you think this will reduce consumer welfare (which is one of the standards used to judge mergers), tell me how. I see no reason to block the merger on the grounds that Amazon is a trillion dollar company, rather than a 900 or 800 or whatever billion dollar company. Amazon is not 4% of the US economy, btw.