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

submitted 3 months ago by Buttflapper@lemmy.world to c/technology@lemmy.world

222 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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[–] MirthfulAlembic@lemmy.world 23 points 3 months ago (1 children)

Many monopolies form by first using a dominant market position to sell at a price no competitor can afford to match. Choice has already been removed before the "competition" folds or pulls out of the market. The consequences don't happen overnight; you feel the squeeze before the "true" monopoly emerges. Amazon isn't going to sell at a cheaper price once their competitors go out of business out of the kindness of their hearts.

Further, high consumer price is just one form monopoly power takes. Reduced labor power, wages, and worse working conditions are other important concerns, in addition to removing product variety and innovation incentive.

[–] JackbyDev@programming.dev 9 points 3 months ago (1 children)

That's a fair point. Bring loss leader can be a stepping stone on the path to being a "real" monopoly.

[–] MirthfulAlembic@lemmy.world 8 points 3 months ago

Amazon literally did this with diapers.com that led to them acquiring the company and shutting it down. I'm sure they've done it in hundreds of other product spaces as well.