Amazon "Basics" Well Beyond The Basics: World Domination?

Strange Advocates

Praise for free trade comes (or rather once did), from the strangest of places: Paul Krugman.

For details, please see Fair Trade is Unfair; In Praise of Cheap Labor; Are Bad Jobs at Bad Wages Better than No Jobs at All?

Once Krugman took up the liberal left cause, he lost his mind on many things.

The best position paper supporting free trade that I have seen comes from Ana Eiras, Senior Policy Analyst on International Economics, Center for Trade and Economics (CTE).

I discuss her article in Will Globalization Survive Trump?

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Ayelet Wolf 10 months ago Member's comment

Interesting article Mish Shedlock. But why does it matter? Virtually every store from pharmacies to supermarkets sell their own brand of discounted, comparable products.

And I wonder... how many Amazon Basic products does #Amazon sell as a percentage of it's total product offering? I suspect Amazon offers a far smaller percentage than their brick and mortar counterparts. $AMZN

Charles Howard 10 months ago Member's comment

You pose an insightful question and my gut tells me you are right. But I'm with Mish Shedlock, - if it works, let Amazon sell as many Amazon Basics products as they want. I've been personally very happy with this line. As the author stated, it offers customers a quality product at a lower price. If Amazon is making money off it, then all the power to them. It will only help my stake in $AMZN be even more profitable.