Elizabeth Warren is a bad joke with no understanding of economics. Just like breaking up Alcoa did little more than raise the price of products that used aluminum to every US customer. Break up Amazon and you’ll do the same thing. After all, how did Amazon get so big? It did so by providing customers what they wanted at a fairly low price. That’s a bad thing because...??
Amazon used predatory capitalism to get to where they are. I mean that seriously. They were able to raise untold billions of dollars from the capital markets and use that cash to undercut their competitors. I am pretty much a free marketeer but in some instances regulators have to step in. Lots of precedent including Standard Oil, Paramount Pictures (splitting movie studies from movie theaters), even Microsoft and their browser.
Using these standards, Amazon should be broken up probably into nearly a dozen different entities. So should Facebook and Google, and Apple should also be broken at a minimum to separate their app store from their hardware.
On the question of Elizabeth Warren, she is as big a phony as one can get. She campaigned for POTUS on breaking up big tech but when push comes to shove does she do anything to work with the GOP or the DOJ for that matter?
Nothing wrong with Amazon’s business per se. The internet made e-shopping platforms like theirs inevitable. And I’ve profited nicely owning AMZN stock. I do have a problem, though, with Amazon’s “woke corporate culture” which have reared its ugly head in myriad ways: the de-platforming of Parler to stifle conservative free speech; removal of certain conservative films from their streaming offerings; removal of certain contrarian books on homosexuality at the behest of the LGBT bullies; etc. I don’t have a problem with them for the reasons that Liz Warren has a problem with them, but my gut feeling is that Liz would (unintentionally) be doing conservatives a favor if she succeeded in breaking up Amazon and their ilk.
Because they are using that power to undermine the people of the United States.
They are like China, selling us cheap crap with the intent of using those profits to destroy us.
If Amazon would just stick to doing their job, that would be one thing, but they clearly will not simply stick to doing their job, and are now trying to use their power to manipulate and social engineer the American people.