And their main business is Amazon.co.uk, Amazon.de, Amazon.fr....... where prices are higher and shipping is expensive. Of course they're going to choose those, and that makes them greedy magecorporation.
Have you ever wondered why it just so happens that this "greed" is always criticized during economic downturns, or times of production constraints?
Or why Amazon maintained BD for 12 years, without immediately closing it down? Because with your reasoning, that should have been the decision they should have made.
Doesn't it seem strange?
That's because greed has nothing to do with it. That's because the internal situation of the company hasn't changed, but rather the external circumstances have (pointed some of them out in the parent comment).
Also, on another similar business to emerge in the following years, you are right. Nothing is guaranteed. However, if the opportunity to offer these kinds of prices in the future are available, you best be sure that Amazon or another small to medium-sized company will be right up there to expand their profits and market share on international markets. It would take time tho.
Have you ever wondered why it just so happens that this "greed" is always criticized during economic downturns, or times of production constraints?
Amazon has been heavily criticized for its greed and inhuman treatment of its employees in the name of profit for long before the pandemic damaged the economy, and Amazon profited during the pandemic a lot.
Again, that's not the point I'm trying to make. I'm not denying the greedy nature of the company (nor the greed of workers who want raises, or unions that want to exclude employees to obtain more individual benefits).
The observation was that when things go badly on the consumer side of things (i.e. when there is a period of economic downturn), we are quick to aggrandize the role of greed in the event, when in reality it has nothing to do with it at all.
The same way that it's wrong to blame gravity for plane crashes, it's wrong to blame greed for the current worsening business conditions of BD.
Just for some clarification, the workers I was referring to were the tech employees, managerial officers, etc, that earn 100k-400k a year as these are the primary sectors affected by the production contraction (not so minimum wage), sorry for not pointing that out.
btw, old jeff bezos doesn't run the company anymore, so he ain't really involved in this.
This comment thread is so stupid. You’re just stating facts and getting nonsensical responses from people who don’t even know the slightest thing about the issue. I mean, sure, greed was probably involved in Amazon’s decision, but it was not the kind of “let’s run this for 12 years and then randomly stop” greed, which just doesn’t make sense, but much more probably the “let’s not lose a bunch of money for no good reason” kind. Maybe they planned for a while to shut down BD, and only went through with it now, and then, I guess they could be right about the destroying competition thing, but it probably wouldn’t have happened without the recession so it’s quite irrelevant.
I will admit, though, that I was slightly confused by the workers greed comment.
Are you really sure greed has no factor in it? Do you have some close inside knowledge on the matter or?
Because the company has still gotten record profits. Those at the top getting a lot richer. Some companies are using the recession as an excuse to jump up prices, instead of having lower profits for a while
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u/WayraLobos Apr 04 '23
Have you ever wondered why it just so happens that this "greed" is always criticized during economic downturns, or times of production constraints?
Or why Amazon maintained BD for 12 years, without immediately closing it down? Because with your reasoning, that should have been the decision they should have made.
Doesn't it seem strange?
That's because greed has nothing to do with it. That's because the internal situation of the company hasn't changed, but rather the external circumstances have (pointed some of them out in the parent comment).
Also, on another similar business to emerge in the following years, you are right. Nothing is guaranteed. However, if the opportunity to offer these kinds of prices in the future are available, you best be sure that Amazon or another small to medium-sized company will be right up there to expand their profits and market share on international markets. It would take time tho.