Of course he’ll hand the cost off to consumers. As if his wedding yacht ring, like everything else he does, wasn’t directly financed primarily by his consumer-facing business!
Comment on Fox News sharing billionaire propaganda
Nomad@infosec.pub 5 hours ago
I genuinely see the point and I think the argumentation that he can afford it is also sound. But the flaw is that Bezos will just hand off the cost to consumers. This won’t affect his income or wealth at all. We need measures that target anti competitive behaviors and monopoly building as well as taxing people that have way too much.
unwarlikeExtortion@lemmy.ml 3 hours ago
skisnow@lemmy.ca 3 hours ago
Retail isn’t as easy to maintain a monopoly as most industries. The moment Amazon gets more expensive than the next guy, the whole thing falls apart.
SeeMarkFly@lemmy.ml 5 hours ago
Too big to fail just also happens to be too big to care.
Competition is good for the consumer and keeps prices low automatically.
disorderly@lemmy.world 5 hours ago
In my opinion, too big to fail means too big to risk it. Nationalize Amazon.
mobyduck648@lemmy.world 1 hour ago
Too big to fail == too big to live in a sane world.
Serinus@lemmy.world 5 hours ago
Competition is so rarely a thing though. The barriers to entry are significant enough that if you actually go through them all… why wouldn’t you just price shop and then charge about the same as your “competitors”? You don’t need to talk to effectively collude.