Quote:
Originally Posted by pwalker8
When you have a monopoly, price and quality tend to slip. I can't think of very many times where this doesn't happen over time and can give a whole lot of examples where it does. It doesn't happen immediately after establishing a monopoly position, but over time as upper management gets complacent and distracted.
It isn't whining to point out that consumers are usually better served by competition than by no competition. You rather obviously misunderstand my position. I like Amazon, they do a good job. I just think that they need competition to keep them focused.
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Certainly competition is better. And I am not sure what you mean by focused. Are you saying Amazon are not focused?
Anyway bring on the whole lot of examples of monopolies that are independent businesses with a wide variety of products and interests (companies like Amazon that carry a multitude of products for example or even large conglomerates with diverse interests.) that have survived in the general marketplace long enough to destroy all competition or even 50% of it.
When management gets complacent or distracted, then generally the business itself suffers not, as you seem to imply (probably I am misunderstanding you) in a better position to be monopolistic and gouge consumers.
Only way I see it that your fears will realize is if Amazon buys all of the publishing companies, and all of the authors, and all of the diaper manufacturers of all of the goods that they sell. Could happen of course, but seems unlikely. And of course there may be many other ways this can happen that I am unaware of.
Looking forward to the list of very many times you have as I am sure I will learn a lot.
Thanks
helen