Economics Thread

A comparable to AWS would have happened just the same with good olde private equity investment.

I think that would mean the free market responding to a need.

AWS only works because of its scale. The more companies on the network the more it expands and the cheaper it becomes. It’s basically infinite economies of scale.
 
It's also ignoring the potential of small businesses to make money as sellers on amazon where amazon's platform and shipping model can result in them getting much more exposure.

Walmart destroyed many more small businesses than Amazon ever could.

This was already discussed. Amazon puts a lot of people out of business by copying and then switching the algorithm on what products are seen by shoppers.
 
AWS only works because of its scale. The more companies on the network the more it expands and the cheaper it becomes. It’s basically infinite economies of scale.

And as I've said several times I'm aware that my desires are not the 100% efficient outcome.
 
A comparable to AWS would have happened just the same with good olde private equity investment.

I think that would mean the free market responding to a need.

Assuming something would happen because someone else came up with the idea is dumb. Remember that before the iPhone, this was a smartphone

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You can't assume that anyone would have come out with an iPhone because Apple came up with it.

Similar to iPhone competitors. Until Google came out with a killer OS and app base, no one could compete with the iPhone. Speaking as someone who owned a Blackberry Storm the jump from that to the Motorola Droid was like moving from Windows 95 to Windows 7. And I got the Droid a year later so it shouldn't have been a drastic leap. I actually think I bought the droid at full price to get rid of the Storm. Or it broke so many times they let me upgrade early. And I sold so many freaking droids. I pushed so many people away from Blackberry Storm to the Droid.
 
Assuming something would happen because someone else came up with the idea is dumb. Remember that before the iPhone, this was a smartphone

palm-treo750_00.jpg


s-l640.jpg


bb8700g.jpg


You can't assume that anyone would have come out with an iPhone because Apple came up with it.

Similar to iPhone competitors. Until Google came out with a killer OS and app base, no one could compete with the iPhone. Speaking as someone who owned a Blackberry Storm the jump from that to the Motorola Droid was like moving from Windows 95 to Windows 7. And I got the Droid a year later so it shouldn't have been a drastic leap. I actually think I bought the droid at full price to get rid of the Storm. Or it broke so many times they let me upgrade early. And I sold so many freaking droids. I pushed so many people away from Blackberry Storm to the Droid.

You're comparing the battling of large corporations on world changing tech versus a slight change to an everyday household product that starts to sell like crazy. Amazon identifies this product is selling in high numbers - Copies it - Changes the algorithm so shoppers buy theres instead of the person that thought of it in the first place.

You can stand with Amazon on these practices if you want. I choose not to.
 
And as I've said several times I'm aware that my desires are not the 100% efficient outcome.

You think that central planning can lead to better results than the market... which is what all socialists and communists believe

You outwardly say you know your plans would lead to worse results

You blame free markets for things that happened because of the opposite of free markets... and then claim "but the opposite of free markets are the end stage of free markets!"
 
And as I've said several times I'm aware that my desires are not the 100% efficient outcome.
You just like Joe the hardware store owner (Amazon.com loser) more than Jim the handyman matching service provider (AWS winner).

You are letting governments (who don’t even know how gas prices work) dictate winners and losers. Why would you ever want that?
 
You think that central planning can lead to better results than the market... which is what all socialists and communists believe

You outwardly say you know your plans would lead to worse results

You blame free markets for things that happened because of the opposite of free markets... and then claim "but the opposite of free markets are the end stage of free markets!"

Free markets led us to a corporatist style government. I just think you and many others have a blind spot for the human condition and how checks need to be put in place so we don't get to this inevitable stage on an endless loop.
 
You just like Joe the hardware store owner (Amazon.com loser) more than Jim the handyman matching service provider (AWS winner).

You are letting governments (who don’t even know how gas prices work) dictate winners and losers. Why would you ever want that?

Because his government will pick the right ones!

Donald Trump has an amazing track record of picking winning businesses... and his political appointees were all right on the target!
 
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You just like Joe the hardware store owner (Amazon.com loser) more than Jim the handyman matching service provider (AWS winner).

You are letting governments (who don’t even know how gas prices work) dictate winners and losers. Why would you ever want that?

Amazon is the government. They are deciding who wins and loses.
 
Because his government will pick the right ones!

Donald Trump has an amazing track record of picking winning businesses... and his political appointees were all right on the target!

I'm not asking the government to pick winners and losers.

I am asking the government to protect competition.

You don't think these companies are de facto monopolies?
 
If you don't think Amazon wants to dictate policy then I'd ask you why Bezos has anything to do with the WaPo which is a hyper partisan rag....

Bezos ENCOURAGED lockdowns (I wonder why) and yet you guys want to defend his practices.

WILD
 
Free markets led us to a corporatist style government. I just think you and many others have a blind spot for the human condition and how checks need to be put in place so we don't get to this inevitable stage on an endless loop.

We are living in the easiest times in world history (although I do believe that is about to change, thanks to government intervention)

We have air conditioning. Cars. Computing power that could get us to Mars. With a tap of button, we can have food delivered to our door. I can get to Australia by tomorrow.

This happened because of capitalism and markets. The middle class is living better today than the world's richest person was living 100 years ago.

Things are about to get much worse thanks to our government deciding it knows best
 
We are living in the easiest times in world history (although I do believe that is about to change, thanks to government intervention)

We have air conditioning. Cars. Computing power that could get us to Mars. With a tap of button, we can have food delivered to our door. I can get to Australia by tomorrow.

This happened because of capitalism and markets. The middle class is living better today than the world's richest person was living 100 years ago.

Things are about to get much worse thanks to our government deciding it knows best

I want all those things and you can want all those things and still acknowledge that we are governed by a collective of monopolies that have usurped the peoples power over how we are governed.
 
If you don't think Amazon wants to dictate policy then I'd ask you why Bezos has anything to do with the WaPo which is a hyper partisan rag....

Bezos ENCOURAGED lockdowns (I wonder why) and yet you guys want to defend his practices.

WILD

of course Amazon wants to dictate policies.

The solution is to strip government's power to where Amazon can't. It's to elect leaders who aren't corrupt.

Instead, you want to increase the government's power (and influence)... and if memoryy serves, you want to raise taxes on people to give this government more money

by the way... lockdowns don't happen in free markets... lockdowns happen in centrally planned governments who think they are protecting our best interests
 
of course Amazon wants to dictate policies.

The solution is to strip government's power to where Amazon can't. It's to elect leaders who aren't corrupt.

Instead, you want to increase the government's power (and influence)... and if memoryy serves, you want to raise taxes on people to give this government more money

by the way... lockdowns don't happen in free markets... lockdowns happen in centrally planned governments who think they are protecting our best interests

Of course lockdowns don't happen under free markets. Our corporatist system (end stage capitalism) pushed for lockdowns.
 
You're comparing the battling of large corporations on world changing tech versus a slight change to an everyday household product that starts to sell like crazy. Amazon identifies this product is selling in high numbers - Copies it - Changes the algorithm so shoppers buy theres instead of the person that thought of it in the first place.

You can stand with Amazon on these practices if you want. I choose not to.

Is it a good thing that this happens with Amazon? Probably not. I’m not sure what regulations would do.

But the general point is you don’t get all the amazing innovation without some side effects. Change sucks but maybe it’s not a bad thing if not everyone can be a third party retailer for Dyson vacuums or Samsung TVs, instead these people provide services that we need like airplane pilots, air traffic control, nurses, cops, and teachers.
 
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