5 ms·
This purchase should be illegal yesterday
by ashneo76 5y ago
This purchase should be illegal yesterday
- echelon 5y agoMonopolists are going to downvote you, but they're wrong. These megacorps shouldn't be allowed to enter fifteen different industries and kill off the incumbents. This is absurd. Amazon is internet services infra, shopping, logistics, fulfillment, consumer hardware, networking, a payments stack, publisher, grocery store, and now a fucking entertainment company. They track us, turn us into non-owner subscribers, and prevent us from building companies that can compete with their scale. We're eternally subservient. It's not healthy for innovation! Break up Apple. Break up Amazon. Break up Google.
- walshemj 5y agoBut all those rich news paper /media moguls get a pass then
- ipsum2 5y ago> Amazon is internet services infra, shopping, logistics, fulfillment, consumer hardware, networking, a payments stack, publisher, grocery store, and now a fucking entertainment company. How many of these do they have a monopoly on? Keep in mind, the definition of monopoly is: "the exclusive possession or control of the supply of or trade in a commodity or service."
- echelon 5y agoThey can enter new industries well below market cost and destroy all of the existing businesses. They then soak up everything. In the end, everything becomes Amazon. They did it to open source, bookstores, retail. Maybe you don't see the end goal, where every restaurant is Amazon and you rent your home from Jeff Bezos? Maybe you're not worried and you trust these people? Maybe you don't want to compete and you just want to be an employee? I don't know. But this is wrong. You can't compete with this, you're forced to work with it. It decreases degrees of freedom and angle of attack for everyone else. From Amazon's perspective, their moat becomes an ocean. That's hard to swim in.
- throwaway67114 5y agoWhy the downvotes. A mobile operator named Jio did this in India.
- kuang_eleven 5y agoThey are the dominant player in only a few of those, and even in those dominant markets, they are far from a monopoly. Now, if they use a dominant position in one industry to gain advantage in another, that is a different story, but also a harder thing to show.
- cannaceo 5y agoThe only companies they're competing against are also monopolies.
- subsubzero 5y agoCompetition is great(for innovation, pay, creativity) anything that interferes with competition, is a bad net for society and good for a very small number of incumbent players.
- mustbeanexpert 5y agoYou're a retard
- reddog 5y agoYes. The classroom example of a vertically integrated monopoly has always been the big movie studio systems in the 40s. They not only made the movies but also distributed them and then owned the theaters they were shown in. This monopoly was broken up in 1948. It resulted in better films and paved the way for television. Amazon will make the movies, host them on AWS, stream them to their Firesticks, shows them through Amazon Prime on glowing rectangles bought in their store and monetizes it all with their ad service. How is that not a vertical monopoly?
- mr_toad 5y ago> How is that not a vertical monopoly? Because vertical integration is neither a necessary or sufficient condition for a monopoly. It’s a non sequitur.
- dannyphantom 5y agoIt seems like a vertical merger; not confident that an antitrust issue would meet the bar in this transaction.