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> Most centralization incrementally kills local industry And it makes the world more fragile and less diverse and interesting. Capitalism is founded on the ide
by Hokusai 5y ago
> Most centralization incrementally kills local industry
And it makes the world more fragile and less diverse and interesting. Capitalism is founded on the idea of many producers competing for many customers.
Amazon model steps as middleman so producers have only one buyer, and consumers have only one seller. That gives them a lot of power to control prices, and what is produced or consumed.
- ineedasername 5y agoproducers have only one buyer, and consumers have only one seller. Monopsony and monopoly all in one. For international HN'ers, a question: is the boardgame "Monopoly" popular in your country? Here in the US it's an old classic.
- _carbyau_ 5y agoAustralia here. It is an old classic. Emphasis on old. Up to about 2000 seemingly every house had a copy and possibly more than one copy as the various StarWars etc variations came out. But our house doesn't have it and I'd be fine if my kid never saw it. The world of modern boardgaming is so much more varied and fun. Monopoly lost to the competition. :-)
- Semaphor 5y agoMonopoly: Big yes for Germany.
- baud147258 5y agoyes in France too Though I don't think people playing it get the original idea being its design
- unity1001 5y agoCapitalism is founded on the precise thing that Amazon is doing - large players eventually consolidating everything.