No competition: How Amazon swallowed the economy.
What you have is not a market - this is not an open market in which people can buy or sell goods freely and of their own accord. What you have is a private arena that is controlled by a single player. It would be as if Walmart not only set up a store on the edge of town, but bought up all the other real estate and got to decide which companies got the choice spots, how much rent they had to pay, when they could open, what they could sell - this is essentially a dictator over the commercial sphere.
Policy researcher Stacy Mitchell examines the rise and risk of Amazon's ascendant monopoly - as a platform that replicates and then erases its competition, a force beyond anti-monopoly regulations that stifles innovation, job creation and wages across industry, and a centralized economic power increasingly making policy decisions on its own terms.
Stacy Mitchell wrote the article Amazon Doesn’t Just Want to Dominate the Market—It Wants to Become the Market for The Nation.
Guest
Stacy Mitchell
Stacy Mitchell is a writer and Co-director of the Institute for Local Self-Reliance.
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