Obviously if you remove from your mind all market mechanisms, then it doesn’t look like a market anymore
https://www.proskauer.com/blog/amazons-most-favored-nations-...
But like, my question is, Doesn't this cripple every company which sells electronics on amazon or something?
I think amazon tries doing it to say that you would only get the best price here, thus people might buy from amazon which can then increase the sales making retailers believe they need to be on amazon agreeing to MFN policy and then crippling their custom market too I suppose
Are there any loopholes to this? What if I am a seller and then I can have lets say my book be on amazon for 100 bucks as an example and I can create a website where I sell it for 110$
But when someone signs up they can get a voucher for 20$ and then they can apply it for what I am selling which for them becomes 90$
I think amazon's MFN is monopolistic especially for things like books which is what amazon first was created for.
I kinda wish if there was a service where I can buy one time right to publish a book from the authors directly for like the books price and then be able to download it or print it from local competing printing/tech service shops..
Having built an extremely strong position, they can now increase prices and fees, and leverage power over sellers to stop them from listing lower prices off-Amazon, if they want to also sell on Amazon. See page 42 of https://web.archive.org/oag.ca.gov/system/files/attachments/... for an example of this
YV was born into a monied family and married into one. He also went to private school as a child. As far as I know he has spent most of his life in an ivory tower.
I think it's overall a good thing that not all people from elite backgrounds with above average IQ/skills end up being purely upper class aligned.
You say he is talented. I say he was born with a silver spoon in his mouth and has been promoted by some powerful institutions such as mainstream media and elite universities. He did not get up there on his own. He isn't some street kid from Athens who clawed his way up by his own intellect.
By the way, I don't have a big problem with Corbyn as an individual. I think he is personally honest. I do have concerns that a decent man like him (or Bernie Sanders) may be used by individuals who are less honest. That has happened in the British Labour Party many times.
I'm not sure what you're implying though. I don't think he is being platformed by current mainstream institutions if that's what you're saying.
Now I know that in the US, people group everyone with a job in the middle class, but that's just semantics.
Also you can't have a feudal system when the peasantry have been replaced by machines which is the end game here. Feudalism is parasitic but it still requires goods and services to flow up from below. When your food, defence and goods are all supplied by robots or AI, then that is not the case.
He has no experience or understanding of poverty from the inside. Like a lot of his ilk, most of his understanding is second hand and theoretical. He wouldn't last five minutes on a factory floor.
https://www.theguardian.com/books/2017/may/03/yanis-varoufak...
He’s in Washington for a meeting with Larry Summers, the former US treasury secretary and Obama confidant. Summers asks him point blank: do you want to be on the inside or the outside? “Outsiders prioritise their freedom to speak their version of the truth. The price is that they are ignored by the insiders, who make the important decisions,” Summers warns.
There is a great difference between theoretical communism and practical communism. Theoretical communism was just a bunch of lies without any relationship to the practical communism that was implemented in any of the countries claiming to attempt to realize a communist society.
On the other hand, practical communism has been everywhere something not opposite to capitalism, but something equivalent with the final stage of unregulated capitalism, where the big monopolies have won in every market, leaving no alternatives.
During the last 25 years I have been dismayed to watch every year how the Western societies become more and more alike to the communist societies that they had criticized vigorously a half of century ago.
For example, if I use Uber, a significant fraction of the fare (let's say 25%) is taken by Uber. That takes it out of the local economy. And because Uber has good tax lawyers, they pay minimal taxes in my country, so it leaves my country's economy completely.
With an old style taxi firm, the boss took a cut - but then he spent most of it in local shops, or his wife bought clothes at a local boutique and a nice haircut - keeping money going round the local economy.
Now, every time you use a cloud service, you take money out of a local economy.And people wonder why we have huge social and economic problems.
> In the liberal fantasy, spearheaded by Adam Smith, bakers, brewers and butchers laboured within markets so cut-throat that none could make more money than the bare minimum necessary to keep their small, family-owned businesses running.
In a cash only capitalism world that you can’t conspire to have more than you earn. You earn what the market earns.
But debt suspends capitalism long enough for someone to “beat” the market. And when capitalism resumes you have this perverse player operating under exceptional circumstances.
> Joseph Schumpeter … Progress he argued, is impossible in competitive markets. Growth needs monopolies to fuel it. How else can enough profit be earned to pay for expensive research and development
I know this to be false. Almost all the big tech companies consistently FAILED to bring about innovation through research. They instead had to acquire SMALLER companies and teams that had the innovation.
YouTube, Android, Instagram, WhatsApp etc…
And almost every other innovation was gained at the startup stage not the monopoly stage.
Uber, AirBnB etc..
How is youtube's recomendation system, automatic subtitles (including translation), content id system, etc not innovative? These were key technological improvements required for the service to grow to a massive size.
And now they are going all-in with AI. And I don't believe their official narrative. At all.
derelicta•1h ago
js8•1h ago
decimalenough•48m ago
saubeidl•41m ago
hagbard_c•47m ago
Communism at a large scale does not work because it goes against human nature - we're not bees or ants or other similar animals but rather belligerent primates with a cultural predilection for living in families and clans. It is there where Communism can work, at a small enough scale so that leechers and moochers can be put in their place and there is no (need for a) Party. As soon as the size of the Communi(ty) gets so large that any individual can no longer check on all of the others Commun(ism) no longer works since it offers far too many opportunities for less scrupulous individuals to leech of others and for ideologists to rise to power 'in service of the people'.
darkwater•38m ago
And yet, we don't live as such animals and our collective behavior changed throughout history thanks to our reasoning capabilities taking over the inner "animal".
nephihaha•47m ago
Yanis Varoufakis himself attended private school and his father in law was one of the biggest industrialists in Greece. I'm sceptical about how much he knows about working class realities.
saubeidl•40m ago
Pure ideology.
Hikikomori•28m ago
nephihaha•12m ago
The problem with the free market vs Marxism argument is that they are both materialist. These systems know the price of things and real value of nothing.
saubeidl•4m ago
defrost•38m ago
nephihaha•32m ago
It may well head towards technofeudalism, but I dispute that. With automation, the peasantry become dispensable to the ruling class and that isn't very feudal at all. Feudalism is a system where money and power flows upwards. In feudalism, the lords are dependent on the peasantry for food, goods and troops... Which is not the case when all these are provided by machines.