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Amazon's Monopoly of the tech industry is ruining the US economy (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

224 comments fedilink hide all child comments

I wanted to get printer photo paper for my printer, a Canon. I went to Walmart, They had nothing. Went to Target, they had one pack of photo paper and it was crazy expensive, so I went to micro center. That one was just as expensive. So finally I went back to Amazon, which I was trying to avoid, and saw the price 25 to 40% lower than anywhere I had been. Literally everything that I was looking for, I could find within seconds. Not even Best buy has even close to the amount of inventory or variety, even when you're shopping online....

Therefore, I think Amazon has a literal monopoly in the tech industry right now, you're literally forced to buy from them, because unless you have the money and financial fortitude to protest with your wallet, you're going to be buying from them. There's no other choice. They have so aggressively and dominantly taken over the supply chain market that no other tech company can currently compete with them in any aspect at all. You will be paying 40 to 50% more on everything by cutting out Amazon, and no one has the money for that anymore unless you're upper middle class or above

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[–] [email protected] -5 points 1 month ago (2 children)

So the way it’s ruining those markets is by making more goods available at lower prices?

[–] [email protected] 9 points 1 month ago

It's about how they do it. They achieve this not only by being incredibly efficient through exploiting thier employees, but also by systematically destroying competition, and using thier marketplace to unfairly favor thier own products.

It's techno-feudalism, here's a great presentation/interview about it:

https://youtu.be/X3FdIyNMaFY?feature=shared

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