How a failing capitalist system is allowing Amazon to cripple America – Alternet.org

In a summary of “The Myth of Capitalism,” by Jonathan Tepper and Denise Hearn, it is argued that “an increase in market concentration across the United States has resulted in a system that is not true capitalism, since freedom is being restricted…Amazon is crushing retailers…It can determine what products can and cannot sell on its platform, and it competes with any customer that encounters success.” Columbia University and UN economist Howard Steven Friedman adds, “Monopolies are one example of capitalism failing. Monopolies have virtually no competition and can dictate prices to their customers unless they are restricted by regulators.”

Source: How a failing capitalist system is allowing Amazon to cripple America – Alternet.org

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