CaPitALiSm iS EffIciEnt!
Amazon is destroying millions of items of unsold stock in one of its UK warehouses every year, an ITV News investigation has uncovered. Many of the products - including smart TVs and laptops - are often new and unused.
@free_appalachia @yogthos I'm so glad you posted that because an #Amazon insider told be the same thing, but it was heresay (I didn't have an article to cite). I was told Amazon is very careful about who they task to trash the products because they don't want it ending up on eBay. I added the article to the Amazon rap sheet:
@kumicota @yogthos @free_appalachia right i recall that lawsuit. Apple paid the company to dispose of stuff. How did that lawsuit pan out? I wonder if destruction was explicitly written in the contract.
IIRC the recycling center lose. I don't disagree that the company was technically wrong but at the same time, apple was throwing working devices away just for people to buy the new overpriced ones
@kumicota @yogthos @free_appalachia When #Amazon & #Apple destroy perfectly functional (often new) products to block the 2nd hand market from competing with their higher margin 1st hand market products, couldn't that be tried as an anti-competitive practice? Does any state have an #antiTrust law that would cover that?
@koherecoWatchdog @koherecoWatchdog @free_appalachia @yogthos @kumicota If not, certainly people should #petition their state gov to draft an anti-trust law specifically banning the practice.
@FreePietje @resist1984 @koherecoWatchdog @free_appalachia @kumicota@weeaboo.space it's also interesting to see how a lot of companies are actually subsidiaries of bigger companies, and when you trace the ownership it's really just a few entities that own the whole market
@resist1984 @kumicota @yogthos @free_appalachia One action you can take if you're in the US is to file a complaint with the #FTC and see if it goes anywhere. They have an office specifically for Antitrust cases: https://www.ftc.gov/faq/competition/report-antitrust-violation
@resist1984 @koherecoWatchdog @free_appalachia @yogthos @kumicota
[generally speaking]
AFAIK, there *are* anti-trust laws, but if they're not enforced, they're essentially meaningless.
The (western) world is full of (near) monopolies which should've been prevented by those laws. It appears especially bad in the US, but in .nl we have a public broadcaster and 2 commercial ones and those commercial ones recently announced their merger, which undoubtedly will be approved 🤷