Posted on 10/10/2018 9:54:11 AM PDT by SoFloFreeper
....Author, entrepreneur and NYU business professor Scott Galloway has emerged as one of Amazons fiercest critics. At last months Recode Code Commerce, Galloway gave a 45-minute talk on the future of retail that savaged Amazon and warned of the threats the company poses not just economically but philosophically and morally.
I believe our society is effectively going through this very uncomfortable transition that is bad for our youth, bad for America and bad for the planet where we no longer worship at the altar of character and kindness, he said. We worship at the altar of innovators and billionaires.
In his best-selling book The Four: The Hidden DNA of Amazon, Apple, Facebook and Google, Galloway cites some arresting statistics: Far fewer U.S. households have a gun than Amazon Prime, by 30 to 64 percent. More Americans have Prime than voted in 2016 (55 percent), or earn $50,000 or more a year (55 percent), or go to church (51 percent). He calls Amazons ability to woo Prime subscribers at a $119 yearly cost the equivalent of entering into a monogamous relationship with its consumers, who as of 2016 spent, on average, $193 per month. (Non-Prime members average $138 per month.)
From 2006 to 2016 Amazons stock price growth surged by 1,910 percent, destroying Sears, J.C. Penney, Kmart, Best Buy, Macys, Nordstrom, Target and Walmart.
Perhaps most importantly: Since the Great Recession, Amazon has paid just $1.4 billion in corporate taxes compared to Walmarts $64 billion.
(Excerpt) Read more at nypost.com ...
Pretty soon Alexa will have all your med info from your doc’s reports. Part of the Electronic crap they put in Obamacare.
YMMV.
I have purchased products from small businesses on Amazon. There are a million small businesses selling on Amazon.
Forgive me MichaelCoreleone if I get your meaning wrong, but I think the idea falls under the Distributism economic ideology.
The idea would be to emphasize a widely distributed ownership of productive assets while avoiding the concentration of those means in either a government or a sliver of ultra-wealthy.
In practice, more of a very large middle class with few poor or rich on the extremes. Not that you wouldn’t have either, but it wouldn’t be lopsided like we see in a lot of Central/South American countries where the lion’s share of wealth is concentrated into the elite.
I’m not trying to stick up for Amazon, but in a lot of cases, the vendor at Amazon isn’t Amazon, but they’re just using the Amazon website. It’s like a mall; you’re not buying from the mall, you’re buying from the store in the mall, and the mall takes its cut in rent.
Having said that, somehow I’ve been consistently disappointed in anything I’ve purchased from Amazon (dented, inoperable merchandise, wrong product delivered), and avoid it.
Recently I was shopping for a cell phone provider and saw Metro by TMobile has the Amazon Prime deal as part of a package deal that is hugely discounted. Add to that USPS Sunday delivery of Amazon only.
I read it this am. Scary. Yes, they should be broken up. Sooner, rather than later.
Kinda early to be drinking...
I actually went and read the entire article which was a bunch of fear mongering tripe.
The author also penned these classics:
https://nypost.com/2018/09/18/tone-deaf-emmys-all-but-ignore-hollywoods-metoo-plague/
https://nypost.com/2018/06/29/what-do-so-many-mass-shooters-have-in-common-a-hatred-of-women/
And the guy she refers to for source material is a giant leftist product of government from Berkely
Cannot believe this gets any mileage here.
Which shows that I am not.
This too shall pass.
Someone will come up with a way to do it better, cheaper, faster.
The government doesnt need to control any more.
That’s exactly what I was getting at. Quality was high in yesteryear. Now, ordered to be a commodity rather than something special, AT&T obeyed.
My how testy you are....
Not at all.
Just you’re really not making sense. And I neither have the time nor the inclination to try to figure you out.
Sooooo...have a nice day!
The company seems evil. It is a conglomerate with all kinds of nonrelated businesses.
I believe it meets most if not all of the monopoly qualifications for identification as a monopoly and resulting breakup.
Amazon and Bezos have also been black hats, bad actors, consistently.
Amazon has helped drive mall stores, and strip mall stores across America out of business.
The one potentially redeeming factor on the company is that it can allow an individual to sell goods on its platform. The company should have been able to do this without trying to dominate and control politics.
Do you have any opinions on EBAY?
What specifically is wrong in the article and why?
I honestly feel you may be the person able to best communicate this to us here.
Also do you have any vested interest in this fight at all?
What are your experziences with Amazon?
There is no reason they should be able to mail things for free while individuals are now paying a dollar to mail a letter.
Why does one company get away with being unprofitable for so long while driving profitable companiesoutof business?
Does the politics controlling who has the most bank and the unfair advantage with the Post Office dictate who wins?
Amazon makes me think of Mitt Romeny’s line on crony capitalism in his debate with Obama about the government picking the winners. (he of course went on to reference Solyndra and picking the losers too)
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