When you think #greedflation, the image that comes to mind should be #Amazon.
"Amazon now makes up about 40% of all online retail — the company started raising prices on the products it sells directly."
"Nearly 50% of sellers' revenue goes to Amazon in fees," much of which is passed on as higher prices.
This is another great example of Monopoly rent as Corey Doctorow, [@pluralistic](https://mamot.fr/@pluralistic), discussed in a recent piece.
https://www.axios.com/2024/04/22/amazon-price-inflation
https://locusmag.com/2024/03/cory-doctorow-capitalists-hate-capitalism/
#economics
Kyle Montanio /
npub165c…tdlq
2024-04-22 17:16:39
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npub165ct04kdzaq7wtqsqthqawk5cygyamgfusv0m4mr2tusqhm4v88q9ltdlqPublished at
2024-04-22 17:16:39Event JSON
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"content": "When you think #greedflation, the image that comes to mind should be #Amazon.\n\n\"Amazon now makes up about 40% of all online retail — the company started raising prices on the products it sells directly.\"\n\n\"Nearly 50% of sellers' revenue goes to Amazon in fees,\" much of which is passed on as higher prices. \n\nThis is another great example of Monopoly rent as Corey Doctorow, [@pluralistic](https://mamot.fr/@pluralistic), discussed in a recent piece.\n\nhttps://www.axios.com/2024/04/22/amazon-price-inflation\n\nhttps://locusmag.com/2024/03/cory-doctorow-capitalists-hate-capitalism/\n\n#economics",
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