How Amazon Destroys the Intellectual Justifications for Capitalism

Current Affairs (12/27/2020)
  • Small manufacturers that used Amazon to sell their products online have been undermined by Amazon-brand clones.
  • Amazon has copied the design and functionality of small-brand products such as tripods, diapers and shoes.
  • It then used its financial largesse to sell the Amazon brand clones temporarily at a loss to capture market share.
  • Some small manufacturers claim they were kicked off the platform after the Amazon clone was released.
  • Amazon’s rise at the expense of small companies undermines capitalism rewarding innovation and fostering competition.