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#197 - Is Amazon Good for Small Business?
Open to Debate
Amazon and Other Monopolists Are Making Things Easier
The father of modern capitalism would have said that you need three things in order to have y functioning proper market. One is equal access to information on both sides, a shared understanding of the transaction that's being made and common moral framework. You have none of those things when you are a small business dealing with amazon. The problem is that we have had, for several years, monopoly laws that look at only pricing as a measure of consumers success. And that's a problem for markets. They simply don't function fairly and efficient, efficiently by the rules of economics and capitalism, when those things are in effect.
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