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Isn't the root of this problem bigger than Amazon? If we had a fixed money supply and the federal government wasn't printing money all the time, Amazon (and oth
by jkepler 3y ago
Isn't the root of this problem bigger than Amazon? If we had a fixed money supply and the federal government wasn't printing money all the time, Amazon (and other mega corporations) wouldn't have such a compelling target for regulatory capture, which bestows on them the Cantillion effect of access to lots of newly-created money... while downstream of them everybody else ends up holding the bag through higher prices and cheaper quality.
The real source of the enshitification Doctorow writes about is the fiat US dollar, not necessarily Amazon. Amazon is just one of the more successful at sucking up that monetary creation. Remove the money creation and the opportunities for regulatory capture, and competition becomes a much more viable option to prevent the abuses Doctorow describes.
- astrange 3y agoIf we had a fixed money supply and a growing population, we wouldn't have to worry about Amazon as we'd all have bigger problems, as seen in documentary The Grapes of Wrath.