Amazon’s Predatory Capitalism
Success has rewarded Jeff Bezos. Twenty-seven years ago, he was a Wall Street refugee peddling books online with the help of a $250,000 loan from his parents. These days, he’s preparing to set sail in a 417-foot schooner that set him back $500 million. His company posted revenue of $368 billion last year, an increase of more than $100 billion from the year before. Profit for 2020 increased 84% year-over-year. But Amazon’s predatory capitalism causes collateral damage. Just ask the pickers working frantically to meet fulfillment center quotas. Or visit a ghostly Main Street where a way of life is withering away as the world embraces internet shopping.
