The point is - would Amazon be able to develop as it did, if “safe” treasury rates, or real interest rates were not 1%-2%, but 7%-8% or more? Would investors continue to fund a long-term profitless company? Or would they demand a different business model?
Would there even have been a tech bubble?
Would Amazon have been able to finance all the physical investments and technology they have?
Would the American consumer have been able to support such rampant consumerism that supported Amazon if debt was not so easily available?
these are all “what ifs” that simply point to how the price of money (especially if its politicized and artificial) has many unseen and long-term effects - not only on business and technology, but society as a whole.
I understand that. What I don’t understand is some of the tech acquisitions in general. They seem quite out if whack with reality.