Walmart is bad for the economy essay

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walmart is bad for the economy essay

EU online choices page, from each of your browsers or devices. With Amazon on the rise and a business tycoon in the White House, can a new generation of Democrats return the party to its trust-busting roots? The sale has become a secular holiday, akin in its economic wallop and social ubiquity to Super Bowl Sunday or the Fourth of July. The rise of Amazon, and its overwhelming market dominance, has accelerated the collapse of traditional retail outlets.

Amazon 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. Monopoly—the ultimate enemy of free-market competition—now pervades every corner of American life: every transaction we make, every product we consume, every news story we read, every piece of data we download. But the lower prices offered by monopolies come at a steep cost.

A corporate giant like Amazon is able to use its economic advantage to eliminate jobs, drive down wages, dictate favorable terms to its suppliers, and even set the price the postal service is permitted to charge for the privilege of delivering its packages. Then there’s the way Amazon exploits the conflicts of interest inherent in its business model. Writing in the Yale Law Journal in January, policy analyst Lina Khan recounts the case of an independent merchant who used Amazon to sell Pillow Pets, a line of pillows modeled on NFL mascots.

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