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re: Is Reaganomics and free trade officially dead?
Posted on 5/19/24 at 8:29 pm to SlowFlowPro
Posted on 5/19/24 at 8:29 pm to SlowFlowPro
quote:
I'm showing why it's not an ideal object. The consumer gets fricked and our economy devolves.
Amazon operated at a loss for years in order to corner markets and kill off competition. Now that they're the only game in town (functionally, if not literally), they're steadily increasing rents for cloud services, prime subscriptions, and retailer fees.
That's basically what China is trying to do with the next-gen energy tech. And energy does present something of a national security concern. So this goes well beyond economic policy and anyone's little theories about free trade.
Posted on 5/20/24 at 6:47 am to TxTiger82
quote:
Amazon operated at a loss for years in order to corner markets and kill off competition. Now that they're the only game in town (functionally, if not literally), they're steadily increasing rents for cloud services, prime subscriptions, and retailer fees.
It's kind of funny you gloss over why they operated at losses. They weren't content to just be a book retailer, or a general retailer...hell, they didn't even become profitable until AWS hit. Amazon kept investing their revenue in new products, which involved a lot of losses for products that didn't pan out (anyone remember the Amazon phone?).
quote:
Now that they're the only game in town (functionally, if not literally), they're steadily increasing rents for cloud services, prime subscriptions, and retailer fees.
Amazon is not the only game in town for cloud services, streaming, or online retail. That's the second problem with your argument. At one time they were, but the market adapted. Once other companies saw how profitable AWS was, a slew of cloud operations were developed. Walmart completely changed their online presence, and you basically see the same sellers across the board (Amazon, Walmart, eBay, etc.)
quote:
That's basically what China is trying to do with the next-gen energy tech.
Next gen or last gen?
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