I’m growing very tired of seeing the kind of sentiment below (my highlighting):
The company has all sorts of regulatory and competitive concerns, making for a minefield of possible conflicts of interest for the owner of The Post. Amazon has opposed states’ efforts to have e-commerce companies collect sales tax. It was the main beneficiary of the Justice Department’s successful pursuit of five publishers and Apple on antitrust grounds. It is locking horns with major companies like Walmart and I.B.M. And as it expands into same-day delivery of its products, it will come up against grocery chains and drugstores.
In an otherwise excellent piece the NYT continues to allow this spin to go unchallenged. The main beneficiaries are consumers. Yes, per consumer the benefit is small, but when it’s all considered together, it’s enormous!
It is important to acknowledge that because when you do, it reminds you that the biggest losers from Agency pricing was not Amazon, but readers! The consumer was screwed for the benefit of Apple and publishers, not Amazon, readers!
I know, I know, nobody wants to face that fact, but it’s the truth.