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RE: Is Amazon Too Big? Monopolies and the Price of Convenience.

in #technology7 years ago

@thecryptofiend This is like any other 'superstore' that becomes such a convenience that users become dependent on it. I may even say addicted to it. Once that happens, then it is a very small transition to the situation where the superstore charges premium on everything, while the users happily think they are getting the best deal. Perhaps they are, but at the cost of very high cuts being taken from the businesses that are selling. That is not necessarily a good thing since it ultimately kills businesses in the end. There are of course, good sides to a super retail business that is easily accessible to sellers even in the remote corners of the world. I am hearing good things about Amazon's initiative for Tshirt design business where artists are actually making good money.

I guess there is a good and a bad side of every coin. Ultimately the 'balance' of good service to customers and businesses will determine the outcome.

I loved to read the transition from very early online businesses (with the geeky looking interface of amazon) to the recent times. When we caught on the internet based online businesses in the locations I am in, the businesses were already evolved and very smooth.

Thanks for sharing. Cheer. Upvoted.

Regards,
vm2904