Amazon, a Symbol of the Macro Economy "as we transition from a pre-Internet world to whatever comes next."

#Future

Tue, Jan 28th, 2014 20:00 by capnasty NEWS

Kas Thomas, on assertTrue(), explains how Amazon, the everything company, is the "single most dangerous company in the world today," capable of disrupting "whole segments of the economy?and the whole economy."

[...] Amazon represents the New Monopolism, a path toward the impoverishment of the many by the few. Every time it lays waste to a Blockbuster or a Best Buy, it puts tens (perhaps hundreds) of thousands of people out of work. Meanwhile, it adds a small handful of IT geniuses to its staff and goes about its business. It renders jobless the very customers it hopes to sell things to.

[...] Amazon's ability to empty out strip malls and take down big-box stores (of the Best Buy ilk) has led Howard Lindzon to describe the brick-and-mortar economy as a brick-and-mortuary economy. The big box stores have become Amazon's de facto showrooms. You go to Best Buy to see what you want to buy; then you go home and order it online from Amazon at a lower price.

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