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I feel we are entering seriously dangerous territory when someone is defending monopolistic practices because during the time of a monopoly consolidating itself
by piva00 4y ago
I feel we are entering seriously dangerous territory when someone is defending monopolistic practices because during the time of a monopoly consolidating itself the customers get a brief period of lowered prices that the monopolistic forces use to undercut all competitors.
- 0xy 4y agoAmazon is not a monopoly, and the second they raise margins they'll lose business to eBay, Shopify, Walmart, Target and others. Do you think Amazon has 0-5% margins because they're generous or because it's a deliberate strategy to attract and retain customers? Customers would scramble if Amazon margins were 50%.
- piva00 4y agoMonopolistic practices is the term I used, exactly to not call Amazon a monopoly because they are not one yet. They are engaging in monopolistic practices though (price dumping causing stifled competition, etc.).