Why Druckenmiller is wrong about Amazon

in #economics • 5 years ago

As far as “keeping the prices low, being a relief in the current economic environment” is concerned, Amazon could have done it momentarily, just like telecom companies are doing right now (giving away free data). That’s not an excuse for not being profitable enough. You definitely can’t say that people should be thankful that Amazon exists, because the companies that would have existed in its absence, could also have done it momentarily, just like telecom companies. Druckenmiller is absolutely wrong about Amazon.
#libertarianism #liberty #capitalism
5 years ago in #economics by
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