Amazon has a dark history that is not changing anytime in it’s future, it has kept it all from you, you don’t know this because you are not supposed to.
The truth about Amazon is sick. It’s okay if you do not want to know.
But, if you are a little rebel under that thick entertainment loving skin, then keep reading, because this will make you WOKE AF!
The government of America has remained active in trying to break down big companies, railroads, electricity and fuel conglomerates and giant-do-it-all companies. Whether it still values the need to break down monopolies is questionable, but, big bodies of Anti-trust laws such as the Sherman Act of 1890, the Clayton Act of 1914 and the Federal Trade Commission Act of 1914, have been in place and most still are to keep these big giants at bay so they do not exploit people.
However, amazon does so surprisingly anyway. It exploits its own ecosystem to become the biggest operator in the trade.
With businesses expanding regionally and across borders, law enforcement becomes a little varied and complex. But, geography is one thing, all tech companies have a way around laws, because the enforcement is even harder, law makers are too old to understand how they work and they are rarely able to challenge them effectively.
Amazon allows more and more stores to sell their items to it, it then hijacks their business and then sells the items themselves to the audience, as and when the items become more popular and profitable, then it cuts out the sellers by predatory pricing, this monopoly cuts out competition by being competitions-best-friend, the kind that the competition should worry about. It is a very capitalist thing to do.
Then the worst part is that people rarely care about the back end stories of the people and they promote the capitalist exploitation. The greed for power will have Amazon do anything to expand the sweet sweet profits and size of its market in future. It already accounts for more than 92% online shopping traffic.
The exploitation is going to double up. This holds true because for the past 1 year Amazon has been working on its own cryptocurrency and also looking into other currencies than bitcoin, it will do this to extend its monopoly over its prized customer base that it is gaga about, who will it sell to then?
Its profits are a multi-fold. People can advertise there, people pay for web services, for its gadgets, for Amazon Prime, Amazon Basic and what not. Amazon does everything, so why won’t it do crypto right? As long as it help it dominate all.
The thing is, there are more than 1800 coins and tokens in the world. A new one won’t hurt bitcoin, but a new one that could be very strong, operated by an-already-too-big-of-a-giant, can risk a lot. Shop wisely!