The capitalists are coming…. At some point during the next 10-20 years the government needs to redefine what constitutes a monopoly. The problem here is the people running the government are taking profits as capitalists, as well. The police would be policing themselves. They will simply ignore any suggestion.
What the capitalists are doing is buying up companies and once they are under an umbrella, free trade and fair trade take on new and improved definitions.
EBay is already a rival to Amazon – and GameStop is well aware. Amazon is well aware as well which forced Amazon to implement their own lower cost comparisons on the detail page, if you notice. And not on every item. Sometimes ‘other sellers’ will offer free shipping, the reason why it is all but hidden. (I also imagine Amazon had to rework their theft by shipping after UPS started dumping their shipping shares.) The things capitalists do to aide the ever increasing homeless population.
Ebay is successful as Amazon because resellers on Ebay tend to offer free shipping. That is the sole reason Ebay is not out-of-business.
Then Walmart opened their reseller Internet Marketplace to get a market share of Ebay and Amazon’s profits.
GameStop wants to take away our ability to shop around, then they can name their own prices. We have zero protections against this conglomeration, as consumers. We are known to retailers via our wallet, strictly. In addition to any ‘loyalty plans’ we are happy to pay for.
The reason why this conversation came up.
The EBay sale has been rumored for days now. But this morning as I passed by the headline again my literary spirit said to stop. So I did a quasi journalistic scrape to see if anything surprising was near the surface.
While TD Bank provides the major debt backing for the eBay bid, Grand 365 Capital (Cohen’s investment vehicle) and RC Ventures are also key investors in GameStop’s equity structure. Major institutional holders of GameStop stock include Vanguard Group, BlackRock, and State Street Corporation.
Ebay is in fact a poor man’s Amazon. The capitalists want to take away any chance we have for cutting costs. They want to control our entire purse. We are seemingly powerless to stop them. However, Americans are only powerless when we are lazy.
https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Proposes-to-Acquire-eBay-at-125-00-Per-Share/default.aspx
https://finance.yahoo.com/quote/GME/holders
My prediction is we will be a dystopian global society inside 20 years. No longer is the term futuristic. The future is here. Earth is bond to become savage – all lost to the love of money.