Tuesday, October 14, 2014

Amazon Plays Rough. So What? - NYTimes.com

Is Amazon a monopoly?

certainly is what Franklin Foer, the editor of The New Republic,
thinks. In the magazine’s current issue, he has written a lengthy
polemic denouncing the company for all manner of sins. The headline reads: “Amazon Must Be Stopped.”

on Amazon,” he writes, “has so ingrained itself in modern American life
that it has become something close to our unthinking habit, and the
company has achieved a level of dominance that merits the application of
a very old label: monopoly.”

brief is that Amazon undercuts competitors so ruthlessly and squeezes
suppliers so brutally — “in its pursuit of bigness” — that it has become
“highly worrisome.” Its founder and chief executive, Jeff Bezos,
“borrowed his personal style from the parsimonious Sam Walton,” the
founder of (shudder) Walmart, and Foer notes that pushing suppliers has always been the key to Walmart’s low prices, just as it is for Amazon’s. Read more...

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