Amazon. It’s an entity almost as omnipresent as Beyoncé. Last summer there were whispers $AMZN was becoming a monopoly; if it walks like one and talks like one, isn’t it? Um, no.
Despite its seemingly monarchial structure, $AMZN is NOT a monopoly. First off, monopolies control 100 percent of the market. Not 50 percent, not 90 percent, not even 99.99999 percent, but 100 PERCENT OF THE MARKET, While it may seem that $AMZN is everywhere, the company does not control 100 percent of the market share. With that being said, it is almost indisputable that $AMZN is the best company is America for consumers as its prices are the lowest, its delivery is the fastest, and for hundreds of millions of people the company has helped to make life better and more accessible. Further, $AMZN’s efforts to make grocery shopping cheaper easier, and particularly healthier for customers is a wonderful byproduct of the company’s e-commerce success.
Financial talking heads loved to argue in favor of regulating this slice of the retail sector claiming “$AMZN did not come to dominate the way we shop because of its technology. It did so because we let it. Over the past three decades, the U.S. government has permitted corporate giants to take over an ever-increasing share of the economy.”
In reality, $AMZN is merely an example of free markets and competition working at their best, trying to improve the lives of not only Americans, but also consumers around the world.
For more on this topic, check out the segment from last summer on "Your World w/ Neil Cavuto" below: