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Post by BEAC0NJET on Aug 16, 2017 12:47:47 GMT -5
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Post by shakin on Aug 16, 2017 12:51:54 GMT -5
how close was trump sitting to the amazon?
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Post by bxjetfan on Aug 16, 2017 12:52:15 GMT -5
Love the stock, hate the company.
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Post by BEAC0NJET on Aug 16, 2017 12:59:57 GMT -5
I guess my reason for posting is, Amazon has a successful online sales business model... and yes, that may hurt local businesses, but is it the governments job to intervene?
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Post by DDNYjets on Aug 16, 2017 13:08:53 GMT -5
I guess my reason for posting is, Amazon has a successful online sales business model... and yes, that may hurt local businesses, but is it the governments job to intervene? Depends. We have a free-market in name only. There are tons of laws and regulations that businesses must adhere to. Governors have been going after Amazon for years for dodging taxes. If they have been engaging in unfair or illegal practices that is within the gubmints authority to look at. I think Amazon and Google have become utilities. Crazy to say that about a place that is essentially a store but it is used by so many people that I think the argument can be made. Google basically controls access to information like PSEG controls access to electricity. |
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Post by Jets Things on Aug 16, 2017 13:10:33 GMT -5
I guess my reason for posting is, Amazon has a successful online sales business model... and yes, that may hurt local businesses, but is it the governments job to intervene? No. Free market and such. However, two questions to think about: At what point does Amazon become a monopoly? And a monopoly for what? |
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Post by DDNYjets on Aug 16, 2017 13:15:28 GMT -5
I guess my reason for posting is, Amazon has a successful online sales business model... and yes, that may hurt local businesses, but is it the governments job to intervene? No. Free market and such. However, two questions to think about: At what point does Amazon become a monopoly? And a monopoly for what? They are already a monopoly. But do we allow that monopoly to exist bc of public interest/benefit? If yes, that makes it a utility. |
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Post by bxjetfan on Aug 16, 2017 13:16:46 GMT -5
The problem with trying to breakup Amazon on antitrust grounds is that you have to prove the public is being harmed. When they enter a market prices actually drop because Bezos doesn't give a fuck about profits right now. It's going to be a problem in 10-30 years because by then everyone will be out of business and then they will rape America every chance they get.
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Post by Jets Things on Aug 16, 2017 13:22:48 GMT -5
No. Free market and such. However, two questions to think about: At what point does Amazon become a monopoly? And a monopoly for what? They are already a monopoly. But do we allow that monopoly to exist bc of public interest/benefit? If yes, that makes it a utility. Eh. There are so many direct-to-customer companies/web services that I don't think you could call Amazon a monopoly. |
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Post by BEAC0NJET on Aug 16, 2017 13:23:11 GMT -5
I guess my reason for posting is, Amazon has a successful online sales business model... and yes, that may hurt local businesses, but is it the governments job to intervene? Depends. We have a free-market in name only. There are tons of laws and regulations that businesses must adhere to. Governors have been going after Amazon for years for dodging taxes. If they have been engaging in unfair or illegal practices that is within the gubmints authority to look at. I think Amazon and Google have become utilities. Crazy to say that about a place that is essentially a store but it is used by so many people that I think the argument can be made. Google basically controls access to information like PSEG controls access to electricity. And thats fair, if they are breaking the law. But to my knowledge they are not, and they do collect sales tax. Im curious as to what Trumps issue with them is - the 140 character twitterverse makes it hard to tell - and if its a legitimate concern. If its just an issue of local business losing business to the big guy, then to play devils advocate, why not go after Home Depot and Lowes too, for driving small hardware stores out of business? Theres always someone who can do it better/faster/cheaper, and the govt shouldnt get in the way. They're an online retailer and cloud services provider. Its the way of the future. Why drive to buy something when I can order it today and have it delivered tomorrow? The monopoly question is an interesting one. |
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Post by BEAC0NJET on Aug 16, 2017 13:23:42 GMT -5
No. Free market and such. However, two questions to think about: At what point does Amazon become a monopoly? And a monopoly for what? But do we allow that monopoly to exist bc of public interest/benefit? If yes, that makes it a utility. How so? |
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Post by BEAC0NJET on Aug 16, 2017 13:24:30 GMT -5
They are already a monopoly. But do we allow that monopoly to exist bc of public interest/benefit? If yes, that makes it a utility. Eh. There are so many direct-to-customer companies/web services that I don't think you could call Amazon a monopoly. Agreed. Just because they own the lions share of the market doesnt mean there arent other options. |
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Post by bxjetfan on Aug 16, 2017 13:32:10 GMT -5
I'm also not real keen on the fact that the CIA gave Amazon 600million for help with managing their cloud when they own the Washington Post.
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Post by DDNYjets on Aug 16, 2017 13:33:35 GMT -5
Eh. There are so many direct-to-customer companies/web services that I don't think you could call Amazon a monopoly. Agreed. Just because they own the lions share of the market doesnt mean there arent other options. Sure. If you follow the definition by the letter. But in-practice they are dominating. They are growing and others a shrinking. Only a matter of time in my opinion. |
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Post by DDNYjets on Aug 16, 2017 13:35:32 GMT -5
I'm also not real keen on the fact that the CIA gave Amazon 600million for help with managing their cloud when they own the Washington Post. And that is a main why Trump calls them out. Bezos owns the Post which attacks Trump 24/7. If he makes their stock drop a fraction it ends up being billions. Anybody who thinks WaPo is free from Bezos ideology or NYT is free from Carlos Slim's is fooling themselves. |
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