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It's because the absolute centralization of business in one entity is almost indistinguishable from Communism. For now it may appear that Amazon is cheaper/more
by _1tem 2y ago
It's because the absolute centralization of business in one entity is almost indistinguishable from Communism. For now it may appear that Amazon is cheaper/more convenient, but in the long run this type of monopoly leads to worse products and services.
- krapp 2y agoUnder communism, workers own the means of production and all of the profit their labor creates. Centralizing business into a single private monopoly whose profit is entirely controlled by shareholders is the exact opposite of communism. You're correct that monopoly leads to a degradation of products and services, but that's a flaw in capitalism (specifically the myth of the self-regulating free market ideal that eschews proper regulation in favor of the "invisible hand.")
- chgs 2y agoIt’s all the downsides of communism, but non of the benefits.
- sokoloff 2y ago"All the downsides"?! I find living in the US to be quite different from what I've seen of life depicted in current/past communist countries. It sure seems to me as if there were a few additional downsides in those communist countries that I don't see to anywhere near the same degree in the US.