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Amazon execs destroyed years of evidence before FTC action, agency says
(www.seattletimes.com)
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this post was submitted on 06 Nov 2023
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It wasn't necessarily Amazon that killed of the competition, it's the tech behind Amazon (e-commerce) that killed retail stores. Just like UBER demolished the taxi industry, just like cars replaced horse carriages, and just like AI's about to make knowledge workers completely obsolete. Amazon still has a great deal of competition from Walmart, Target, and lots of retailers.
They also killed a huge amount of e-commerce sites with their sheer size. This isn't really about tech more about their monopoly.
Shopify accounts for 1/3 of all e-commerce sales in the US in 2023, and with the rise of way cheaper Chinese alternatives to amazon like shien, Temu, & Alibaba express no one really has a monopolistic control in the e-commerce space.
Yes but no. E-commerce got rid of many retail jobs. So did WalMart. But Amazon also uses a ton of monopolistic and dirty practices. Amazon is working hard to eliminate the competition, because capitalists would rather control the market than compete.
What monopolistic and dirty practices are you referring to exactly?
There are so many things that we could talk about. I think the simplest thing to realize is that Amazon was losing money for years so that they could become the central hub of vast numbers of shoppers and sellers, and after they got control of the market, they had a huge amount of leverage over all of those people. Now they can increase prices and manipulate search results, as recent court cases have shown us. They also do horrible things to their workers, they try to bust unionization, many of their delivery drivers are peeing in plastic bottles because they don't have time to stop at a public restrooms, the list goes on and on.
Because it's such an exhaustive list, and because I don't think you should take my words at face value, I highly recommend that you read the newspaper. There's so much great information compiled by people online. When in doubt, start with Cory Doctorow.