For other readers, there was a recent post by Scott Alexander which goes into some depth on this: <https://astralcodexten.substack.com/p/billionaires-surplus-and-replaceability>.
My sense is that Amazon still provided significant consumer value on top of exploiting a “natural niche”, but I agree that this could use more analysis.
For other readers, there was a recent post by Scott Alexander which goes into some depth on this: <https://astralcodexten.substack.com/p/billionaires-surplus-and-replaceability>.
My sense is that Amazon still provided significant consumer value on top of exploiting a “natural niche”, but I agree that this could use more analysis.