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comment by kleinbl00

Walmart became Walmart by leveraging economies of scale and cut-to-the-bone staffing expenses to eliminate all other brick and mortar merchants.

Amazon became Amazon by leveraging economies of scale and cut-to-the-bone staffing expenses to eliminate all other merchants.

Peter Thiel made the point that as soon as Amazon declares a dividend they're fucked. Because they'll have to declare a dividend forever. And then whoever is willing to operate at even less profit than that will eat them for lunch.

We call this capitalism.