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Author Topic: Amazon Soars on the Wings of Cronyism  (Read 706 times)

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Offline endicom

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Amazon Soars on the Wings of Cronyism
« on: September 17, 2018, 12:09:45 pm »
American Greatness
Michael Busler
Sept. 17, 2018

In recent weeks, Amazon.com stock jumped in value, making the company the second (after Apple) to achieve a market cap of $1 trillion. Analysts barely took a breath before declaring the company could be the first to top $2 trillion.

“Amazon has increased its profitability as cloud computing, advertising and its marketplace for third-party retailers have powered growth,” TheStreet.com reported. But those aren’t the only factors pushing Amazon to new heights. Cronyism and cozy deals with government entities help as well.

For example, Bloomberg Businessweek magazine recently reported that in some places, Amazon isn’t paying for all the electricity it uses to run its web servers. Instead, it cuts deals to pass the costs on to neighboring consumers.

More... https://amgreatness.com/2018/09/17/amazon-soars-on-the-wings-of-cronyism/
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Offline kevindavis007

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Re: Amazon Soars on the Wings of Cronyism
« Reply #1 on: September 17, 2018, 01:47:25 pm »
 :bs:
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Offline ABX

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Re: Amazon Soars on the Wings of Cronyism
« Reply #2 on: September 17, 2018, 01:52:55 pm »
So taking a cue from the Trump empire re cronyism? 

In reality, they soar on the wings of consumers overwhelmingly choosing them.
« Last Edit: September 17, 2018, 01:53:36 pm by AbaraXas »
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Offline Sanguine

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Re: Amazon Soars on the Wings of Cronyism
« Reply #3 on: September 17, 2018, 04:06:06 pm »
Quote from: AbaraXas on September 17, 2018, 01:52:55 pm
So taking a cue from the Trump empire re cronyism? 

In reality, they soar on the wings of consumers overwhelmingly choosing them.

 :thumbsup:
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Offline Frank Cannon

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Re: Amazon Soars on the Wings of Cronyism
« Reply #4 on: September 17, 2018, 04:30:27 pm »
Quote from: AbaraXas on September 17, 2018, 01:52:55 pm
So taking a cue from the Trump empire re cronyism? 

In reality, they soar on the wings of consumers overwhelmingly choosing them.

Oh yeah? So if they are doing so swell, why are they involved in all these crooked gov't deals?
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Offline ABX

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Re: Amazon Soars on the Wings of Cronyism
« Reply #5 on: September 17, 2018, 04:36:02 pm »
Quote from: Frank Cannon on September 17, 2018, 04:30:27 pm
Oh yeah? So if they are doing so swell, why are they involved in all these crooked gov't deals?

What crooked government deal? Bulk mail discounts (like any business can request if shipping over a certain amount)?  How about tax breaks given by state and local governments to build in certain areas? (taxes are now good and we shouldn't be giving breaks to anyone?)
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Offline Sanguine

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Re: Amazon Soars on the Wings of Cronyism
« Reply #6 on: September 17, 2018, 04:53:28 pm »
Quote from: Frank Cannon on September 17, 2018, 04:30:27 pm
Oh yeah? So if they are doing so swell, why are they involved in all these crooked gov't deals?

So, Frank, as a slumlord, are you saying that you wouldn't/don't take advantage of government programs and/or tax breaks? 
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