• 13 hours Capital One Fined Again For Money-Laundering Failure
  • 13 hours 3 Stocks That Could Win Big As The Biden Administration Takes The Wheel
  • 17 hours The Star-Studded Fund Backing Clean Energy Startups
  • 2 days The Unexpected Retail Segment On Track To Hit $68B
  • 4 days Oil Demand Falters On New Wave Of Lockdowns
  • 5 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 6 days Investors Should Be Worried About Tech Stocks
  • 8 days Battle For Market Share Intensifies In COVID Streaming War
  • 10 days Censorship Is Now Private, And That’s Scary
  • 12 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 14 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 15 days NYSE Reverses China Company Delisting Plans … For Now
  • 17 days The Dollar Could Remain Weak For Years To Come
  • 20 days The Simple Secret To Tesla-Like Gains
  • 21 days US-Listed China Stocks Have 3 Years To Become Transparent
  • 23 days $30,000 Is The New $20,000 For Bitcoin
  • 23 days Gold Slips Following Stimulus Announcement
  • 24 days Illegal Streaming Targeted In The 5,000 Page COVID-19 Stimulus Bill
  • 25 days Big Investors Are Dumping Gold For Bitcoin
  • 26 days The Most Exciting And Strange Energy Tech Of The Year
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Amazon "Basics" Well Beyond the Basics: World Domination?

 
 Amazon keeps expanding its market share. Its "Basics" program and Amazon "Prime" explain why. Time to bust up Amazon?
 

Amazon launched a house brand, called AmazonBasics, in 2009. It was originally a way for Amazon to sell low-cost, generic versions of electronics accessories, like cables and plugs. Over time, Amazon has expanded its offerings dramatically, to the point where it’s difficult to see how the brand still refers to “basic” products.

Quartz trawled through the Internet Archive’s Wayback Machine, which archives websites throughout the history of the web, to see how many products Amazon has offered on its AmazonBasics landing page. The earliest archived result is for Jun. 8, 2013, when 252 products were listed for sale. Four and a half years later, there are currently 1,506 products for sale.

Amazon now offers a private-level version of just about everything it sells, from jeans and bathroom supplies, to bedsheets and lingerie—even books and movies. Amazon is on a path to be able to offer anything anyone wants for the lowest price possible, and with an integrated delivery network, as quickly as possible. Some consider that world domination; others, possibly a monopoly.

 

World Domination?

My Take

  1. If it's good for the consumer, then its good for the economy and I am happy with it.
  2. Lower prices and faster service are both good for the consumer.

For the same reasons, we should abolish all tariffs and subsidies effective immediately, whether any other country does the same or not.

Fair Trade is Free Trade

Regardless, the same parrots protesting free trade will soon be all over Amazon.

Strange Advocates

Praise for free trade comes (or rather once did), from the strangest of places: Paul Krugman.

Once Krugman took up the liberal left cause, he lost his mind on many things.

The best position paper supporting free trade that I have seen comes from Ana Eiras, Senior Policy Analyst on International Economics, Center for Trade and Economics (CTE).

I discuss her article in Will Globalization Survive Trump?

Mike "Mish" Shedlock

Back to homepage

Leave a comment

Leave a comment