Jeff Bezos and All He Owns Must Be Destroyed
The Market Ticker - Commentary on The Capital Markets
2017-11-24 10:50 by Karl Denninger
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Jeff Bezos and All He Owns Must Be Destroyed
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There is a basic premise behind reporting .vs. editorializing -- one is allegedly unbiased, although we all have our personal prejudices while the other is labeled opinion (it's found on the opinion page and is disclosed as such.)

Jeff Bezos bought the Washington Post, it is now clear, in order to effect a public lobbying strategy much larger than that which Hastings "organized" and led to a five times increase in his firm's stock price revolving around net neutrality.

That latter event occurred after ISPs, properly recognizing that he was effectively driving semi trucks over the roads built for cars and refusing to pay higher fuel taxes and license plate fees for same, or, if you prefer, opening up a 2" water connection to a 6" main and demanding not to be charged by the gallon, resulting in you having no water pressure, started pushing back and demanding that Netflix cover the outsized costs being imposed on said ISPs to prevent service-quality collapses to everyone, including those who didn't want his service.

In response Hastings got a bunch of left-aligned media to whip the public into a froth and Obama's FCC obliged by handing him tens of billions of dollars literally forced out of non-subscriber's wallets.

Amazon engages in cross-subsidization of its product sales (on which he makes no profit, particularly when fulfillment along with G&A are included) with other sales, particularly in AWS, where he does.  This now includes government sales of AWS which means you're being forced to subsidize Jeff Bezos' destruction of retailers all across the United States at literal gunpoint, along with all the jobs that go when those retailers are forced out of business.

This is illegal under 100+ year old anti-trust law which says that any attempt to monopolize trade is a felony.

Amazon even goes so far as to find products for sale by merchants on their site, identifies the ultimate manufacturer of said products and then attempts to solicit those manufacturers to "sell direct" via Amazon, a classic (and illegal) interference with existing contractual relationships and also illegal as an attempt to monopolize trade practices within a given type of product.  There is a commenting member on this very site who has had Amazon try to do this with a product he had developed and sells.

All of this, of course, requires that Amazon and Jeff Bezos have a nice loud mouthpiece with which to push political ideas -- for his scheme would collapse immediately and disastrously, with the ~300x P/E of the company reverting to about 25x (that's a fall of roughly 92% in stock price) were he forced to stop all that crap and face both investigation and penalties for even a tiny percentage of those actions.

It's therefore clear what Bezos motivation was for buying The Washington Post.

But the Post has claimed that "Democracy dies in darkness" as its mantra, and has claimed to be politically neutral.  That, of course, is critical to Bezos' scheme, because if it was to become transparently obvious that his actions were politically motivated not only would he face the wrath of half the country (which disagrees with that political view) it could form a cornerstone of a ruinous legal attack on Amazon and Jeff Bezos personally, since anti-trust violations carry not only corporate penalties but personal liability in prison time.

So here we now have it:

Allegedly unbiased Washington Post reporter Janell Ross spoke at a top-secret meeting of liberal movers and shakers last week, where Democratic donors including billionaire George Soros outlined the future of their progressive agenda.

A Post spokesperson told the Washington Free Beacon that Ross took part of the California event “without notifying her superiors that she would be attending.”

....

One of the surprising guests was Ross, who used to pass as a somewhat impartial reporter for the prestigious Post. While the paper’s slogan is, “Democracy Dies in Darkness,” she apparently wanted to keep her bosses in the dark about attending the liberal planning session and hanging out with prominent Democratic donors such as Soros.

According to the agenda published by the Beacon, Ross’ panel aimed to help the liberal attendees get “the economic narrative right" and was immediately followed by Sen. Amy Klobuchar (D-Minn.) speaking about on Russian interference in the 2016 election.

Media Research Center Vice President Dan Gainor called it a “classic example” of journalism “openly coordinating with the alt-left” to take down conservatives.

Uh huh.  Sure she spoke (not just "attended"; she was scheduled as and participated as a speaker) without her "superiors" knowing about it.  What is plausible deniability for $100, Alex?

While I have exactly zero belief our government will go after Jeff Bezos, the Washington Post and Amazon on anti-trust grounds, although it damn well should, that doesn't stop you on the right (you know, people called "Republicans") from destroying his "investment" through perfectly-lawful actions.

Never mind all of those other businesses that Amazon and Bezos have harmed or even put into the ditch, yet those owners and their customers continue to make excuses for and even use the subsidizing services of Amazon itself!

On this so-called "Black Friday" what ought to be happening is that Amazon and Bezos ought to be seeing red.

We'll see if anyone gives a damn and makes it so.  I'll take the under on the wager in too-stupid to care and act America including both "Trumpers" and other members of the public who claim to be Republicans, which allegedly make up half the country.

If you support SPEAKER PELOSI, buy from Amazon; she was part of that conference.  If you support GEORGE SOROS, buy from Amazon; he was as well.  Both were headliners at that conference, in fact.

If you support and want a Democrat Majority in the House in 2017, BUY FROM AMAZON.  This, by the way, includes using their profitable service if you're a business customer -- AWS -- because without it Bezos would be out of business already since he could not continue to operate his product-selling operations at a loss.

But if you want none of those things THEN BOYCOTT THOSE ****ERS AND PUT BEZOS OUT OF BUSINESS.

PS: Amazon hasn't had the best price in a couple of years either, so you're getting double-screwed by shopping on their site whether you would like to once again have Speaker Pelosi or not.

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User Info Jeff Bezos and All He Owns Must Be Destroyed in forum [Market-Ticker]
Rufust445
Posts: 761
Incept: 2007-08-11

Emerald City
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There's a new movie on the way, "The Post" w. Meryl Streep and Tom Hanks. Was put together this past summer fairly quickly. Makes me wonder how much Bezos money is behind it.

Have made two Black Friday purchases online so far, NOT w. Amazon.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Flyanddive
Posts: 2434
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Detroit
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I do my online shopping at B&H photo, everything is better than Amazon, and they are cheaper too.

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"I've seen people go into real poverty trying to pretend to be rich."
Sailordeek
Posts: 625
Incept: 2011-06-08

Boston
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Uber and Lyft have effectively destroyed the taxi industry. While Taxis had a monopoly and government corruption behind it, Uber and Lyft seem to be the same as Amazon.

They both lose money. As I understand, both subsidize their riders fares on a majority of rides. The fares are FAR below taxis: i.e. $20 to the airport vs. $40, from Harvard to Logan.

Further, a few friends have tried it and struggle to make $10/hr.

It is a race to the bottom. It is predatory in its pricing as they cannot provide their product at a fair market value.


Bodhi
Posts: 152
Incept: 2008-02-23

Georgia
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Quote:
PS: Amazon hasn't had the best price in a couple of years either, so you're getting double-screwed by shopping on their site.


I stopped buying anything on Amazon's site a couple of years ago as their prices, as you noted, are usually not the best. In addition I found that after I dropped my Amazon Prime membership the shipping got slower than the Pony Express. All I use Amazon for anymore is item descriptions and reviews.
Budget-racer
Posts: 15
Incept: 2016-03-14

Virginia
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I had noticed that the search results were acting funny too. A few times I would see an amazon ad for something I was previously searching for on ebay or wherever. I refuse to click ads as a rule, so out of curiousity I went to amazon and tried to find the item directly. It was darn near impossible to find at the price or seller name advertised or with the item name that I knew existed. It would take an honest 5 minutes or more of playing with search terms or filters to finally find it. I figured something was up with seller rankings, but that's even dirtier than I figured them for.
Hilandstrata
Posts: 251
Incept: 2008-10-19

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It's all by design people. Gov won't go after amazon cuz the CONgress doesn't work for the people, they work for the owners of United States, Inc. The sheep are too busy shopping and watching football to notice. The sheep won't wake up til it's too late.
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