When you think #greedflation, the image that comes to mind should be #Amazon.
"Amazon now makes up about 40% of all online retail — the company started raising prices on the products it sells directly."
"Nearly 50% of sellers' revenue goes to Amazon in fees," much of which is passed on as higher prices.
This is a prime example of Monopoly rent as Corey Doctorow, @pluralistic, discussed in a recent piece.
https://www.axios.com/2024/04/22/amazon-price-inflation
https://locusmag.com/2024/03/cory-doctorow-capitalists-hate-capitalism/
Cory Doctorow: Capitalists Hate Capitalism
In conflict, we find clarity. We all hold contradictory views: We love our families, but they drive us crazy. We want more housing in our cities, but we don’t want our property values to decrease w…Locus Online
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[ツ] vivere semplice
in reply to Kyle Montanio • • •After almost 25 years as an Amazon customer, I deleted my account. About 6 years ago, I noticed that Amazon was getting worse and worse and the much-vaunted service had almost disappeared.
When I wanted to rent Dune 2, I had to pay a price of 17.90 Euro. I am finally fed up. 17.90 Euro for 48 hours watching? I'm stubborn and prefer not to have something than to be boiled! If I break with someone or something once, the break is forever!
#FCKAMAZON