> If Amazon finds your product on another website for lower than its own website, it'll just hide your listing from the search -- this is meant to be pro-consumer (when you go to Amazon, you'll get the lowest price).
This is a funny idea of pro-consumer, as we all know that the result of this is increased prices.
The seller can not afford to reduce the Amazon price to match other channels and still pay Amazon's margin, or afford to have the product hidden and lose the channel - and so is forced to increase the price elsewhere.
The net result is prices increase across the board, and Amazon gets to tell customers they are getting the 'lowest price', but they did it by increasing the price across the whole market.
This is pro-Amazon both in terms of margin and market share. In many ways, it is also pro-competitor/seller/distributor/agency... but it is very much anti-consumer.
The average guy is exactly the person responsible for global warming. The evil of the world is just the meta accumulation of the average person following their mirco incentives.
This reminds me of what Socrates said in his defense at his trial. He told the court that he was wise becase he knew the boundries of his own wisdom; and that when he would speak to experts in the city he found them only to be wise in their own fields, yet suffering with the falicy that they were wise in the fields of others.
"At last I went to the artisans, for I was conscious that I knew nothing at all, as I may say, and I was sure that they knew many fine things; and in this I was not mistaken, for they did know many things of which I was ignorant, and in this they certainly were wiser than I was. But I observed that even the good artisans fell into the same error as the poets; because they were good workmen they thought that they also knew all sorts of high matters, and this defect in them overshadowed their wisdom"
I am very sure that to get the deal done Microsoft would have had to work with Kotick. I am also very confident that they do not support him and that he will be gone way before the end of the year.
Edit: It seems it's not expected to close until 2023 so maybe it takes MS longer to get him out.
This is a funny idea of pro-consumer, as we all know that the result of this is increased prices.
The seller can not afford to reduce the Amazon price to match other channels and still pay Amazon's margin, or afford to have the product hidden and lose the channel - and so is forced to increase the price elsewhere.
The net result is prices increase across the board, and Amazon gets to tell customers they are getting the 'lowest price', but they did it by increasing the price across the whole market.
This is pro-Amazon both in terms of margin and market share. In many ways, it is also pro-competitor/seller/distributor/agency... but it is very much anti-consumer.
And, as I hope we will soon see proven, illegal.
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