The objective of the tech industry is monopolization. The answer to it is anti-trust legislation and strict enforcement.
There is only one force that can stop Amazon from organizing and regulating basically all American retail commerce — our democratic institutions and our political system. We the people.
Bezos knows Amazon is a political enterprise at this point. The day before he announced his company’s attempt to buy this supermarket chain, he released a request on Twitter to have people offer ideas for where he can direct charity money. That is the kind of public relations undertaken by political leaders. And Amazon put out an ad for a Ph.D. economist-cum-lobbyist “to educate regulators and policy makers about the fundamentally procompetitive focus of Amazon’s businesses.” And he has put political fixers, like Ivanka Trump’s lawyer and ex-Clinton administration officer Jamie Gorelick, on his board of directors. He also bought The Washington Post.
However, Amazon is not the only offender.
The tech industry is not only disruptive technology but it is presenting fresh challenges to regulation in the public interest.
On the other hand, other companies are not going to rollover. Walmart is already awakening to the threat that Amazon poses for their business model. But thus far, Walmart has not developed a competitive tech game to challenge or even hold off Amazon.
Meanwhile, Sears is reeling on the ropes.
But Montgomery Ward (Wards.com) is trying to make a comeback.
Huffington Post
America’s Amazon Problem
Matt Stoller |
Fellow at the Open Markets program, New America Foundation