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Amazon is a ripoff: New Amazon paradox just dropped.
Hey look at this: Delights to delectate.
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Amazon is a ripoff (permalink)
There’s a cheat-code in US antitrust law, one that’s been increasingly used since the Reagan administration, when the “consumer welfare” theory (“monopolies are fine, so long as the lower prices”) shoved aside the long-established idea that antitrust law existed to prevent monopolies from forming at all.
The idea that a company can do anything to create or perpetuate a monopoly so long as its prices go down and/or its quality goes up is directly to blame for the rise of Big Tech. These companies burned through their investors’ cash for years, selling goods and services below cost, or even giving stuff away for free. Think of Uber, who lost $0.41 on every dollar they brought in