People underestimate the boon to small businesses (specifically in the used bookstore industry) that Amazon has had aside from their own massive wealth growth. Labor issues aside, I refuse to hate them specifically because of this.— Littlefoot (@LTF_01) November 20, 2019
Almost every time you click the “Used” option on Amazon, it’s routed to some small seller whose customer base used to be ~20-30 people in some small town in Michigan who have now turned a completely empty business into a profitable enterprise.— Littlefoot (@LTF_01) November 20, 2019
In grad school, a friend of mine and I made a non-negligible amount of money in addition to our measly stipends by going to wholesale book sales/auctions and spending $200-$300 a piece to make that much (and more) within a week of our purchases. This was impossible 20 years ago.— Littlefoot (@LTF_01) November 20, 2019
I have a bunch of friends who run small businesses that are only possible because of Amazon.— “Elon Says” (@ElonBachman) November 21, 2019
These small businesses compete directly with the Walmarts and Targets of the world.
It’s almost as if inventing efficient ways to do things causes prosperity. https://t.co/iuB8I7e8il
The irony, of course, is that before Amazon was hated for making Bezos rich, Walmart was hated for making the Waltons rich.— “Elon Says” (@ElonBachman) November 21, 2019
In the West, it’s hard to find a billionaire who didn’t get his fortune by offering something cheaper, better, and faster to the masses.