“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!” – President Donald Trump
What’s wrong with that? A lot, writes Cordato.
The power to satisfy customers to a greater degree than its competitors is the only power that Amazon can exercise in the market. But ultimately, it’s the customers’ choice. If consumers prefer to pay higher prices or shop for their products in less convenient ways to keep their local retail store in business and the people in their communities working for those stores employed in those occupations, they are free to do so. There is nothing Amazon can do to stop them.
Read the entire piece here.