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Kyle Montanio /
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2024-04-22 15:16:39

Kyle Montanio on Nostr: When you think #greedflation, the image that comes to mind should be #Amazon. "Amazon ...

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
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