jezz bezos ?
free markets ?
not for the first time. a wicked capitalist is talking bollocks...
Today, Amazon controls about 75 percent of online sales of physical books, 65 percent of e-book sales, more than 40 percent of new book sales, and 85 percent of sales by self-published e-book authors. According to economist Paul Krugman, it has a large market share in the entire book business as Standard Oil did in 1911. Because of its dominance in the book industry, publishers are forced to deal with its bullying tactics. Like it delayed the delivery of many popular books from Hachette's imprints in order to get the terms it wanted from the company. Amazon also ask for payments from publishers to promote their books. Big publishers pay five to seven percent of a year's gross sales while small houses sometimes sell their books to Amazon at a 60 percent-plus discount.
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It can be easily observed that Amazon is taking control of one industry after another, and making the country’s economy less diverse and innovative. It's also taking some wicked strategies such as underselling the competition. It is using its financial resources to sell some products below its own cost to eliminate less well-funded competitors. On the other hand, Amazon Prime has left rival manufacturers and retailers with little option but to become third-party sellers on its platform. One more thing, it extracts more fees from suppliers which reduces their ability to develop or invent new products. Meanwhile, it is also expanding its own product lines.
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Amazon uses data about customers' buying habits to raise prices. It has even started charging prices, blocking access to certain products, delaying times for customers who don't join its Prime program.
Amazon denies that it is a monopoly. There is a debate among the experts whether it should be called a monopoly or not. Brittain Ladd, an expert in e-commerce, retail, strategies and supply chain management stated that Amazon is not a monopoly according to the official definition of monopoly. According to Merriam-Webster, “A monopoly occurs when complete control of the entire supply of goods or of a service in a certain area or market rests with a single entity.” So amazon can't be called monopoly yet. However, the real cost of a monopoly is not about price. It's also about stifling new business. Amazon is damaging the ability of earning or having freedom as producers. It is stunting job creation and worsening income inequality.
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The work condition inside Amazon warehouses is not satisfying at all. After reviewing 911 calls, the Daily Beast, an American news and opinion website revealed that this tech company's work conditions are so difficult that many workers face physical and mental issues. Some of the workers even want to take their own lives. The workers of Amazon noted that they can't even take bathroom breaks whenever they want. Generally, workers work for 10 hours in Amazon warehouses where there is no window or proper air conditioning. Amazon workers are not allowed to talk or interact with one another in this long period. East African Amazon workers in Minneapolis complained as they are not getting fair religious treatment. They said that this company just allots them two 15-minute break and one 30-minute break which are not enough time for Muslims to pray. They also rallied for this. Amazon workers across Europe have participated on Black Friday 2018 to protest work conditions.
There is no doubt that Amazon is one of the most powerful companies in the world which is becoming a monopoly day by day. However, it is leading customers in a darker future.
[URL unfurl="true"]https://www.escdu.org/esc-blog/how-amazon-became-a-monopoly-and-its-consequences[/URL]
comrade stalin
moscow-on-the-woke
