My claim is that if these companies weren't useful than they wouldn't exist. People hate Bezos but they spend their money at Amazon. Methinks they doth protest too much!
Amazon is immensely useful, but perhaps they are no longer a net positive to society. The goods and services they provide are certainly useful. But their status as a monopoly prevents a flourishing, competitive market that could address their failings. Amazon as a product is arguably poorer in quality than it used to be: just look at the state of their spammed-out reviews, scam products sold on their platform, etc. Their logistics offerings (built on poor working conditions) and AWS have certainly improved compared to the past. But other aspects have fallen short.
Maybe we shouldn't speak of companies as being "net positive" or "net negative", but rather speak of what could be improved if there was more competition, more companies, more market. Less monopolies.
People spend money on Amazon because it is convenient? However, I don't consider it to be net positive in current society. In many countries like India, many mom & pop stores are closed due to Amazon. They are destroyed thousands of business. Amazon is funneling money into its company which would have been distributed to multiple people. Seeing this drastic implications even CCP tried to clamp services like Amazon, Alibaba in China so they won't be too powerful.
So, I think you need to prove how Amazon is net positive in society?
You could argue the same for the likes of Philip Morris or the Sackler families business. Just that people are very willing to buy a product doesn’t imply that it’s good. So I wouldn’t raise the fact that folks buying Amazon or Tesla products as a pointer that their products are any good perse.
For me, I am convinced that they create jobs, spend money in the economy, help provide valuable goods and services to society, etc. Amazon is famous for not hoarding money but re-investing their profits. Most 401ks invest in index funds that are buoyed by the tech stocks. I don't have ready citations but I believe these to be relatively uncontroversial statements. This whole talk about "net positive" and what is "net" is a pointless discussion that is going nowhere. There is no way to prove anything unless we have an alternative universe without Amazon to study.
States provide the infrastructure and educate the workforce which enables the job creations. Jobs would be created without the rich. See responses sibling post (https://news.ycombinator.com/item?id=31743755) about the issue with 401(k) (or pension funds in non-USA countries).
This is indeed a very controversial statement because the rich are living a lifestyle which is at best unsustainable for the planet. They emit more greenhouse gas into the atmosphere for their own lavish lifestyles. They exploit poor labor conditions and lobby against every minor improvement. They don’t contribute to our shared funds like regular people, decreasing the state’s funds for more infrastructure which would have created more jobs. And they cause stress with their increased wealth disparity. Many research has shown perceived inequality is a significant stress producer. We may very well be bettor off without them.
I do love that we have viable electric cars and that I can order something on amazon and have it at my door in 2 days. Seriously, try living in a developing country and have ANYTHING delivered...
ipnon|3 years ago
Apocryphon|3 years ago
Maybe we shouldn't speak of companies as being "net positive" or "net negative", but rather speak of what could be improved if there was more competition, more companies, more market. Less monopolies.
cute_boi|3 years ago
So, I think you need to prove how Amazon is net positive in society?
hetspookjee|3 years ago
passivate|3 years ago
What sort of citation will make you happy?
runarberg|3 years ago
This is indeed a very controversial statement because the rich are living a lifestyle which is at best unsustainable for the planet. They emit more greenhouse gas into the atmosphere for their own lavish lifestyles. They exploit poor labor conditions and lobby against every minor improvement. They don’t contribute to our shared funds like regular people, decreasing the state’s funds for more infrastructure which would have created more jobs. And they cause stress with their increased wealth disparity. Many research has shown perceived inequality is a significant stress producer. We may very well be bettor off without them.
cultofmetatron|3 years ago