#197 - Is Amazon Good for Small Business?
Open to Debate
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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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