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In reply to the discussion: Bernie and Trump are wrong on Amazon [View all]TexasTowelie
(128,150 posts)135. For the sake of brevity, I can only address some of your points.
They source a shit load from china or other nations with cheap labor, affecting locally made products...they do what is technically illegal but hard to prove, and price competitors out of the market because they can simply take a loss for an extended period of time, and once they have a bigger share of the market they can re-stabilize their prices.
Yes, companies are going to find the least expensive way to produce a product so I can get a better price myself. It's called the "economies of scale" and it is good business sense. It should also be considered that the companies that follow that practice are also consumers--in that case they are wage labor consumers.
...once they are the only real known "trusted" source for something, they can raise their prices to higher than previous market value, assuming people have to buy said goods.
There are limits to that statement. A recent example was when Mylan hiked the price of the Epipen. The manufacturer gouged the consumers so another competitor entered the market because they saw a way to turn a profit. As stated earlier, there may be short term price aberrations but eventually the equilibrium in the market will reestablish itself. It might mean some hassle for the purchasers to get a prescription written for a generic option rather than a brand name, but regulating Walmart or Amazon won't change any of that.
Huge operations need less executives than hundreds of operations that used to exist in their stead.
And that is a bad thing? Personally, I want to pay a manufacturer for the price of materials and labor that go into making and delivering a product rather than provide for the financial security of a bloated executive workforce. Yes, it might mean that wages for some may decline but if the wages were excessive to start off with, then it is another example of equilibrium being met in the marketplace. I also have little sympathy for overpaid execs that are price gougers whether they run a business with no other employees or they run a conglomerate.
As far as people complaining about the prices of non-essential items there is a very simple solution:
Don't buy the product! Is it necessary to get the latest book two days after it has been published at full price or can it wait when the price has been discounted or it can be checked out of the library?
The arguments that you presented about the influence of big business on government is always popular. However, if you are concerned about the loss of high paying executive positions, then you should be equally concerned about the loss of high paying lobbying positions and the negative effect on wages overall if those jobs are lost.
Finally, we can also look back in history to see the failure of government getting involved in the marketplace. Nearly everyone agrees that when Nixon implemented price controls it didn't work. When the price controls were lifted it set off an inflationary spiral. Regulations can also artificially increase the price of products because people will think that since the government intervened the cost of the product is legitimate when it could actually be lowered.
Ultimately, the burden falls to the consumer to decide whether to spend locally, or online. The same also applies as to whether to spend with big companies or a proprietorship. I can understand why some people prefer Amazon, particularly if they live in rural areas, are disabled or have transportation issues. There are some people that benefit from Amazon so why would anyone want to punish those beneficiaries by increasing prices or limiting the options available to them?
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It is being reported on all the cable channels that he agree with Trump. It doesn't matter how you
Demsrule86
Apr 2018
#97
He agree with Trump that Amazon was a problem....very unfortunate statement.
Demsrule86
Apr 2018
#92
Are you saying there is nothing to be concerned about? We shouldn't pay attention or regulate? We
JCanete
Apr 2018
#18
sure, and I embrace technology, and one area where I understand Sanders but disagree with him,
JCanete
Apr 2018
#24
That's an interesting detail about Clinton I never heard, and that is more of a statement of
JCanete
Apr 2018
#30
no way, big companies do all kinds of things. They source a shit load from china or other nations
JCanete
Apr 2018
#105
It cannot fall ultimately on the consumer. That's why companies put so much money into
JCanete
Apr 2018
#137
It seems like you are advocating for a nanny-state government which is something that I don't
TexasTowelie
Apr 2018
#140
that is so libertarian of you...like, government should be small enough to drown in a bathtub
JCanete
Apr 2018
#145
It's apparent that you have some misconceptions about Amazon and state employees.
TexasTowelie
Apr 2018
#149
No, the pie does not grow.The pie is the pie because wealth is represented by what it can purchase,
JCanete
Apr 2018
#156
I appreciate the civility. As to bringing in some of those other issues, I only brought them up,
JCanete
Apr 2018
#160
What the president is doing is wrong. it is not regulation but an attack period. He is engaged in
Demsrule86
Apr 2018
#94
that is not a good argument, plain and simple. You agree with somebody when you think that person is
JCanete
Apr 2018
#116
There are many companies including Sinclair that need to be looked at...but it needs to
Demsrule86
Apr 2018
#118
okay, that was mostly more reasonable to me, but yes, we do get to decide if a company is too big.
JCanete
Apr 2018
#119
And there is a procedure for that. And I bet you agree that Amazon would not be considered a
Demsrule86
Apr 2018
#120
but then you agree that we have business deciding these things and regulating industries, and you
JCanete
Apr 2018
#121
I am all for regulation or we will end up like we did in 08. But I don't think a politician should
Demsrule86
Apr 2018
#124
arghhh...again, how do you not. you have to to show what you need to regulate. I just expained that.
JCanete
Apr 2018
#125
I don't think our elected should be picking winners or losers. It should be about the law or
Demsrule86
Apr 2018
#129
so, what about this....you are introducing legislation...you are asked while in an interview...
JCanete
Apr 2018
#131
If there is legislation, it will be discussed and it will affect the stock as well can't be helped.
Demsrule86
Apr 2018
#143
Yep argggh...my youngest just called her Unity group has a bake sale...but all of the kids were
Demsrule86
Apr 2018
#148
Arghhh...made me think of the old batman show which my nephew loves...blam, splat...haha.
Demsrule86
Apr 2018
#130
Great expression...I can picture you banging your head on the keyboard going Argggggh. hehe
Demsrule86
Apr 2018
#142
Macy's are closing a bunch of brick and mortar stores and shifting to online retail
RandySF
Apr 2018
#5
Well since a 'living' wage is not happening anytime soon. People need those low paying $12.00 an
Demsrule86
Apr 2018
#98
It is unattainable right now. The pugs have all three branches of government. So
Demsrule86
Apr 2018
#109
When someone says a living wage is attainable now and is willing to risk
Eliot Rosewater
Apr 2018
#104
before you stand by that statement, look up what percent of retail shopping is done at Amazon
blake2012
Apr 2018
#59
There are two reasons I don't like Trump (or any politico) commenting on Amazon:
dameatball
Apr 2018
#6
It doesn't hurt when WalMart & Amazon socializes costs and privatizes profits--brick & mortar can't.
TheBlackAdder
Apr 2018
#15
What I am saying is, that after one season, most can not work another physical job again.
TheBlackAdder
Apr 2018
#49
The seasonal workers are mainly due to the Christmas rush. So order early & don't victimize seniors
FarCenter
Apr 2018
#48
So when we regain power change the laws regarding minimum wage, healthcare and working
Demsrule86
Apr 2018
#112
And I don't see that we should necessarily seek to preserve any existing structures....
Adrahil
Apr 2018
#12
Give him time and he will get to Netflix. Bezos should sue the piss out of Trump.
Demsrule86
Apr 2018
#99
Don't worry. Even if they require Amazon to sell some of its company, there will
Sophia4
Apr 2018
#27
We don't live in a socialist country. That will never happen because Amazon isn't violating
Demsrule86
Apr 2018
#100
Many small companies use Amazon to sell their products. And what does this have to
Demsrule86
Apr 2018
#113
Bernie is not the arbiter of who has too much power. It is not his job. He wants to have hearings
Demsrule86
Apr 2018
#106
I oppose any politician, left or right, who stands athwart history and yells stop.
DemocratSinceBirth
Apr 2018
#25
Agreed. One of the most hilarious aspects of this is Walmart's whining about how unfair
Demsrule86
Apr 2018
#107
Bernie's words here are not specific, and have nothing to do with Trump's tantrum.
Orsino
Apr 2018
#42
what you say has nothing to do with manipulating a company's stock and causing losses because you
Demsrule86
Apr 2018
#114
I also understand the raising Amazon workers pay may effect some business owners livelihoods.
David__77
Apr 2018
#84
Correct though I do agree Amazon does not need to be in the newspaper business
cbdo2007
Apr 2018
#47
I think as a society we should support more collaborative and non profit news sources.
cbdo2007
Apr 2018
#128
I absolutely cringe whenever Bernie says "Well, Trump DOES have a point here..."
Blue_Tires
Apr 2018
#93