Amazon is NOT a Store! How Amazon is Destroying our Society / Plus Bonus: What is USB C?

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Tek Syndicate

Tek Syndicate

Күн бұрын

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Amazon has turned into one the most destructive forces in our modern world (along with Google and Apple and the social media companies). The real issue is that they are no longer chasing the profit motive, they have moved onto something different... rent seeking behavior.
I discuss a couple books: Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back by Rebecca Giblin and Cory Doctorow and Technofeudalism: What Killed Capitalism by Yanis Varoufakis. So, check out the video and let me know what you think.
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Пікірлер: 173
@ChimpRiot
@ChimpRiot 7 ай бұрын
I took an immediate 85% cut in sales moving away from Amazon and eBay to my own platform - initially on Shopify and later a custom site. But it’s better in the long run to build for yourself and own name. Controlling ads, shopping feeds, building own mailing lists, presenting products in the best light, being able to upsell and sell digital products, more options for fulfilment and connecting to APIs, etc.
@turbobox7234
@turbobox7234 8 ай бұрын
I tell folks to stay away from Amazon whether you're a consumer or a business. I worked there and they are the antithesis of good business. Laughably, they give you the ethical business training when you work there like any other company does but they are the prime example of "do as I say not as I do" as they are NOT ethical for beans.
@sathlin
@sathlin 8 ай бұрын
If you read the forums on amazon seller central, everything you are saying is correct. I work for a big used book store, thankfully we fulfill our own orders, but FBA, fulfilled by amazon is a mess as you talked about. The expenses they take is crazy and it goes up every year of course..
@patrickcardon1643
@patrickcardon1643 6 ай бұрын
Yup, been running H10 and seems storage, FBA and selling fees combined are hitting 50% of the retail price, VAT included ... they milk the sellers any which way they can ... returns are offered by Amazon but paid by the sellers, inviting scammers and buy to try then chuck the product away because of course they won't get it back in resellable condition. It's a scam. Been looking into it and don't know whether to still go for it and look for something else
@Crackalacking_Z
@Crackalacking_Z 8 ай бұрын
I usually check if an Amazon 3rd party seller is also selling directly on their own site and then buy there if so. I try to give Amazon as little money as possible.
@mrmrmrcaf7801
@mrmrmrcaf7801 8 ай бұрын
I live in Europe so I try to avoid shopping on Amazon as much as possible...as a former store owner I know how things are.
@branko4138
@branko4138 8 ай бұрын
@@AndrewWood80 Regular store..
@SB-wh3gv
@SB-wh3gv 8 ай бұрын
I owe my soul to the company store...
@Ace1000ks19751982
@Ace1000ks19751982 8 ай бұрын
Amazon makes money by collecting fees from the people that sell on their platform. They force sellers to not lower their prices on other platforms or your own website, so they can force people to buy from Amazon. This is monopolistic.
@SaltCollecta
@SaltCollecta 8 ай бұрын
I've never been "forced" to buy or sell anything on amazon. I think your view is fundamentally flawed.
@Ace1000ks19751982
@Ace1000ks19751982 8 ай бұрын
@@SaltCollecta If what I said was a false statement then why is the Federal Trade Commission going after Amazon?
@JSGilbert
@JSGilbert 8 ай бұрын
This mentality has permeated throughout every little burb and corner of society. I live in the Bay Area, where currently an average “lunch special” in a regular neighborhood Chinese restaurant runs $15-$16 before tax and tip. Burritos are $15. When I was younger, it seemed that a smaller business owner understood that their level of operation meant they’d be middle class. Today, even solo businesses working from a spare room think they’ll get rich. I have watched as AT&T, who was broken up into smaller concerns (monopoly laws) has now grown into a behemoth that is 100 times larger than they were when they were forced to divest. It appears that our elected officials don’t really care and most of the population is just happy they can buy a 60 inch flat tv for under $800. One major contributing factor has been the rise of the “Gospel of Wealth”, with its origins in Wallace Waddles book (1910), “Science of Getting Rich”. and has manifested into a society where 75% of Gen Z, expects to get rich as an influencer. I’m afraid we’re quite simply doomed.
@teksyndicate
@teksyndicate 8 ай бұрын
I don't think it's merely the idea that everyone thinks they are going to get rich... I think the real issue is the way everyone wants to get rich... the whole profit motive has changed. I don't have much of a problem with people who are making a product or providing a service then selling it... but I do take issue with these companies who try to own everything then rent it... amazon makes their money with fees that are basically money for nothing. Sure, it's money to access amazon's customers... but amazon isn't making anything or really doing much of anything for those transactions... they are just extracting wealth... like Apple and Google are doing with their app stores...
@JackCrossSama
@JackCrossSama 8 ай бұрын
The self-help stuff is funny, you end up getting them rich by buying their books lol. I remember reading think and grow rich by Napoleon Hill, I come to find out the guy was a con artist.
@watrobkasmaczna1
@watrobkasmaczna1 8 ай бұрын
All I want to is to really tax tech giants.
@HiddenAdept
@HiddenAdept 8 ай бұрын
Oh yeah Ive been selling used computers on ebay since 2008 and decided to go try listing on Amazon as well recently. I opened a personal account then they still charged me $30 and I looked and the account type was professional so had to get that refunded. Then when I tried actually selling used computers on there it wouldnt let me sell anything cause I needed "Brand Authorization" which either requires a letter from the company's legal team giving me permission to sell USED computers or receipts showing i bought minimum 10 units recently from the manufacturer. Hell no, I'll stick with eBay which has none of that nonsense, thanks.
@hondamugen1
@hondamugen1 8 ай бұрын
I would consider myself a classic conservative but I agree with you 100% on this "techno feudalism" problem with have today. We are definitely not living in a purely "capitalist" society anymore. It seems the new way to make money in America is to control resources rather than manufacture them. I'm not sure what the solution is, unfortunately.
@12entz65
@12entz65 8 ай бұрын
Never purchased one thing from Amazon. 🤝
@AidenTheKing99
@AidenTheKing99 6 ай бұрын
Amazon isn’t a store. It’s a mall. For real though, paying them to destroy your stuff? What the heck?
@PurushNahiMahaPurush
@PurushNahiMahaPurush 4 ай бұрын
Haven’t ordered anything from Amazon for years and I plan to keep it that way. I always buy from local shops/retail even though it’s slightly more expensive here in Finland compared to Amazon Germany, simply because I’m at a financial position where I can do that. That and because FU Amazon.
@joshuaa7813
@joshuaa7813 4 ай бұрын
people back in the day used to fuss about buying local so the money would be invested in the local economy, that's gone now.
@RobbieRobski
@RobbieRobski 8 ай бұрын
I hear what you're saying but it also sucks when companies don't at least match the price they have at Amazon when consumers try to order direct. Free shipping is one of the worst things for consumers that came with the rise of e-commerce. And what also sucks about Amazon is getting around paying employment taxes and by basically joining the "gig economy" and making people think they are their own boss driving Amazon trucks. Great business idea but horrible for the consumer/uninformed entrepreneur. Don't support uber/eats/ Postmates/instacart or any of that shit. If everyone just paid whatever shipping cost, we'd be a while lot better.
@danreid6712
@danreid6712 8 ай бұрын
I quit Amazon too ! Hackers Paradise !
@preciadoalex123
@preciadoalex123 8 ай бұрын
I managed a FBA account for a few years, Amazons support can be a pain. Next time try photoshoping the date of purchase, support is really stupid, they'd buy that.
@savaloy666999
@savaloy666999 8 ай бұрын
Comment, comment. Algorithm, algorithm. "Amazon", who? I never have, I never will. And I totally plundered The Expanse. 👍
@thefool309
@thefool309 7 ай бұрын
Love your content Tek, I'll keep commenting and liking to keep you relevant!
@NoOnesaidthis
@NoOnesaidthis 8 ай бұрын
The truth is Amazon is successful because of the way our society is set up. We use prime because we can’t afford to pay the price for the small stores and shipping. We make less money and rent keeps going up. Modern capitalism has misery down to a science . They can predict every move you would make. For example : so you speak of resisting by going to other stores and direct purchase. Amazon: will either buy you or corner the market with cheap legal imitations of your product even if they are loosing money.
@NoOnesaidthis
@NoOnesaidthis 8 ай бұрын
Innovation does not serve their creators. Most of the inventors and innovators get pumped by those corporations - look at Tesla
@teksyndicate
@teksyndicate 8 ай бұрын
I don't think that's the case. I've been saving money because I'm not paying for prime... It's a bit annoying that I have like 15 different accounts on different sites, but I get but l by. I can usually find stuff at the same price and I'll pay $3-4 in shipping. Otherwise, I shop at local stores a lot. It's still somewhat doable
@Rhiunlol
@Rhiunlol 8 ай бұрын
I enjoy your insights and delivery in these topics. Keep it up
@jeziel675
@jeziel675 8 ай бұрын
Matt Stoller is another good resource on monopolies. His books, his newsletter and Twitter feed is super informative in how monopolies make things worse for customers and how politcians feign impotence even though they have the capabilities to reign in monopolistic practices.
@oswaldfife5183
@oswaldfife5183 8 ай бұрын
Free movies with prime!...Free music with prime!...oh now you have to pay for most of it.
@jamesgoodwin3444
@jamesgoodwin3444 8 ай бұрын
Really interesting video - would love to watch a documentary if you did one. I didn't realise they prevented you from selling your products cheaper elsewhere! That's very anti-competitive.
@thomaskrakenes333
@thomaskrakenes333 8 ай бұрын
Have never liked Amazon as anplace to buy from, if an item is only on Amazon then I just do no buy it🤷 I rather buy directly from the sellers own website or if not possible from ebay/ali etc😅
@drunkhusband6257
@drunkhusband6257 8 ай бұрын
Amazon delivery is faster than even places own sites, on top of sales that go on. Amazon is fire, no reason not to buy from them.
@Wierie_
@Wierie_ 7 ай бұрын
@@drunkhusband6257fire? Ok swag, yolo
@stevenmarkeveys864
@stevenmarkeveys864 7 ай бұрын
My parents said this from day 1 and hqve never bought there or waltart. It is scary ro thonk about them being still in their infancy...whats to come cant be good for other business's and, soon everyone else. wait until when they are able to jack everything to the roof and, there may be nowhere else to go.
@SlipperyTeeth
@SlipperyTeeth 8 ай бұрын
In my mind, Amazon is the market. They've been allowed to claim ownership over the functions of the market. It's just as ridiculous as if a single person owned the entire silk road trade route and had a hand in every exchange.
@itstuffiwan4997
@itstuffiwan4997 8 ай бұрын
Amazon became the market by offering customers a better deal. It's that simple. Amazon still has much better customer service compared to other chains. And I am not talking about the Mom-and-Pop shops, those already got thrown out of the market by massive retailers and those that are left are often as ruthless as any other option. When it's about some trivial stuff I don't need in under a week more often go to some chinese marketplaces, because in the end that's where the stuff is coming anyway and I don't pay double for Amazon and the 3 middle men before Amazon. If I need secury I go with amazon, NOT brick and mortar or the online retailers. Amazon does not question a broken return, does not charge for shipping it back and does not sent me to the producer to claim repairs or defunds. All happened to me before in online and offline stores who prey on our patriotic spirits and our love of "small" businessmen.
@SlipperyTeeth
@SlipperyTeeth 8 ай бұрын
@@itstuffiwan4997 I don't think you understood the video or my comment. The market doesn't "offer deals". The market is the substrate on which transactions occur.
@itstuffiwan4997
@itstuffiwan4997 8 ай бұрын
@@SlipperyTeeth I fully understood the video and your comment. Amazon is not "the market". A lot of people shop outside of it. Amazon is a controlled sub section of "the wider market" where sellers have to adhere to what Amazon decides, which are stricter rules in favor of the customer. I participate in this Amazon controlled environment because Amazon has repeatedly shown to me to be more trustworthy in comperison to even dealing with the same sellers in their online shops. So, Amazon offers me a great deal, unlike you said. You can see Amazon as a monopoly if you want, but unlike the real state monopoly, I can choose to partake in transactions or not. I can still shop elsewhere nationally, which I don't ussually do besides for groceries, or I can even use "the international market" to buy my goods. Usually the accusations of being a monopoly come from people loosing their power (like with the unions attacking Amazon despite Amazon offering better pay than all the unionized retailers or those same retailers accusing amazon of stealing their customers) or people who got the worse end of the stick, like Tek Syndicate here. To make it clear, I don't know the full story besides his accusations against amazon. I give him the point that I can imagine that it happened like described. I only see the thing he does not say out loud. No big retailer would give him shelfspace like he described, nor buy his products. Because I have checked his store, and all I see is some tech coming from a chinese factory with his own branding, and mugs and T-Shirts. Should I want to support him in the future, which I find likely, I will buy his overprized mugs and T-Shirts because I want the money to go to him. To comment on his later parts of the video. Yes, I have had a better deal with Amazon Prime in the past, I was a "serf" and payed up because Amazon provided a service for it that was worth it. No, I don't have it anymore, because I don't need all the extras they have thrown in without benefit for me, while raising the "taxes" all us serfs pay for our overlords and don't complain about elsewhere. I can leave Amazon behind, I cannot do so with "the market" that the State has carved out with the monopoly on v1olence and """provides services""" and charges me and all of us for it. What a lot of people don't want to acknoledge is that the State is the biggest and meanest Monopoly out there, and no company can compare to what states have done to "their people" and their competitors and their people in the past and still do it to this day. Soo, yeah, I don't see a problem with people voluntarily engaging in trades and making contracts. When Amazon breached some contracts with sellers, they should be charged, if they breached some laws, the same applies, even more so as the state is still the bigger fish in the sea.
@sinbysin666
@sinbysin666 8 ай бұрын
Haven't used Amazon in a lot of years
@turboelephant6298
@turboelephant6298 8 ай бұрын
Good stuff. 👍👍
@AaronHendu
@AaronHendu 8 ай бұрын
1 of 3 Amazon purchases range from unsatisfactory to straught up scams. This is the norm now. We have gave corps so much leway and are now paying the price. We said this is ok by quietly accepting it as normal.
@jakedill1304
@jakedill1304 8 ай бұрын
There is also an alternate model of retail that I've seen just over the years.. where you rent shelf space essentially.. I guess that's closer to the Amazon model.. but it is a thing.
@dommy114
@dommy114 8 ай бұрын
I've been following since your Tiger Direct days. Glad you are finally realizing what I pointed out years ago: we do not have capitalism in this country. Hate on capitalism all you want, but we have never experienced it in this country as a whole in our lifetimes.
@xanderlurks
@xanderlurks 8 ай бұрын
I am part of the problem, I buy a lot from Amazon, however if there is something I want and it isn't on Amazon, I'll just go to where it is
@Mynestrone
@Mynestrone 8 ай бұрын
I was just about to bring up the varoufakis book and then you did it. We are in such big trouble. Our governments are in a hurry to give all our money to big business and never ask for anything in return. So I agree we are sprinting right back to feudalism.
@porkulio
@porkulio 8 ай бұрын
You’re totally right.
@andrewmonaghan4290
@andrewmonaghan4290 8 ай бұрын
It’s cool that Amazon workers have started to organise but the digital marketplace (could capital) needs to be broken up by governments. I wonder how it would be done? Sellers occupy a space and pay tax on purchases?
@bullshitvendor
@bullshitvendor 8 ай бұрын
any anker usb cables with 90 degree connectors that will survive 10k bends in -20 to -30C I ll buy em all
@ChristmaGift
@ChristmaGift 8 ай бұрын
don't worry logan I'll always like your videos
@kingabomination
@kingabomination 8 ай бұрын
Free markets and stuff!!
@4eztech
@4eztech 8 ай бұрын
Nice video game music thumbs up
@RSBot2jar
@RSBot2jar 5 ай бұрын
What a rabbit hole...
@tin2001
@tin2001 8 ай бұрын
This sounds very very similar to several other stories about Amazon... I'll bet they're going to start selling the exact same product as "amazon basics" versions in a few weeks.
@ziokalco
@ziokalco 8 ай бұрын
Often times amazon isn't the best source. I think the best solution is to always look elsewhere. Tho often times sellers and brands themselves are at fault, I would argue it isn't acceptable for Amazon to be the cheapest source for their shipped products
@drunkhusband6257
@drunkhusband6257 8 ай бұрын
I buy from the cheapest source that has the fastest shipping, which is usually amazon for smaller items, or non electronic things. I'm not looking elsewhere
@Skobeloff...
@Skobeloff... 7 ай бұрын
Just watched a more recent video of yours (Black Friday) where you were shopping on and recommending... amazon
@teksyndicate
@teksyndicate 7 ай бұрын
What's your point? I can critique the society I'm a part of. No, I don't use Amazon... But I also know that basically everyone does
@NoOnesaidthis
@NoOnesaidthis 8 ай бұрын
I cannot help but think we deserve this because of how we are.
@kittavares4334
@kittavares4334 8 ай бұрын
fed propaganda h24?
@itsdeonlol
@itsdeonlol 8 ай бұрын
It's kind of funny how some people can't live without Amazon...
@mbsfaridi
@mbsfaridi 8 ай бұрын
4:27 to 6:30 How messed up is that business ethic but I guess there’s no such thing as objective morals.
@johnstarks5323
@johnstarks5323 8 ай бұрын
💯💯💯
@duncanbeggs4088
@duncanbeggs4088 7 ай бұрын
I've got a suggestion if you're interested in techno-capitalism, techno-feudalism, AI, etc. Why don't you look into the philosophy of this guy named Nick Land? He's *fucking out there* in terms of thought but he was considered a genius professor and philosopher back in the day. He also seems a tad bit evil (because he seems to *want* the dystopian future he describes) but he at least seems honest.
@Kelticfury
@Kelticfury 8 ай бұрын
Corey Doctorow is the goat. Edit: I had no idea it was as bad as it is. This is the first I have heard of the way they actually do things from someone who has sold through them.
@johnstarks5323
@johnstarks5323 8 ай бұрын
12:14
@comesignotus9888
@comesignotus9888 8 ай бұрын
KZbin is essentially the same.
@davejones1621
@davejones1621 4 ай бұрын
You can see the crazy in this guys eyes.
@redrevyol
@redrevyol 8 ай бұрын
Republicans: Let's not talk about America. Let's talk about foreign nations. Democrats: Let's push for the green new deal and help non-Israel nations our corporation allies. Third-parties: We're only worried about getting elected. Techno business: Chilling in bed while exploiting the system and their employees.
@MichaelCook-oo8lj
@MichaelCook-oo8lj 7 ай бұрын
In the early days of capitalism, free markets were a thing, of course. Free markets hardly exist now, but not because we aren't in capitalism anymore but because the capitalist endgame is and always has been monopoly. Competition, by definition, means winners and losers. The winners use their spoils to stomp on competition. The result is concentration of power and resources in fewer and fewer hands. We live in the age of monopoly capitalism - not "techno-feudalism". Why can our current system not be defined as feudalism? A few reasons, but a big one has to do with the fact that under feudalism, a single individual - the monarch (usually a king) - was essentially the owner of ALL property in the realm, and would delegate this property to lesser vassals in exchange for loyalty, and these vassals in turn would delegate smaller chunks of land to even lesser vassals, all the way down to the serf, who got a plot of land and a house in exchange for loyalty to the lord of the manor and everything that entailed. Markets were closed, not because of monopoly companies controlling the market, but because the king had to issue a license to do any kind of business. A guild - controlled by the workers and craftsmen - would have an exclusive license to practice their trade. Under feudalism, kingdoms or realms were non-fixed, as different kings challenged one another for land. Feudalism recognized no nation-states. It's tempting to see what exists now as being similar, but its only similar on the surface. Amazon's monopoly doesn't come from a license granted from a king who owns everything, and sellers on Amazon are not like feudal vassals pledging loyalty to a lord in exchange for control over a piece of land. Amazon is never going to call upon its "vassals" to go to war or do a crusade. Feudalism was an agricultural system of class and property relations that are fundamentally different from capitalism both in terms of the structure of property relations and the contending classes of that system. The contending classes in feudalism were noble and serf; in capitalism, we have bourgeois, petite-bourgeois, and workers. These various classes are historically different. It's very important for people to recognize that the current system we live in is not an aberration of capitalism, it's exactly what capitalism was always supposed to be: ruthless competition leading to the establishment of monopolies.
@teksyndicate
@teksyndicate 7 ай бұрын
I think many think of capitalism in terms of keynesian ideals... And they think communism means brutal totalitarian dictatorship.. so the terms are somewhat corrupted, hence the need for better ways to describe our current situation so we can fight it more effectively. I'd suggest reading the book if you have time.
@MichaelCook-oo8lj
@MichaelCook-oo8lj 7 ай бұрын
@@teksyndicate I agree, the discourse around these things is very confused and we do need more clarity. I'm certainly open minded and I'd love to read the book, I'm sure it's a stimulating read. But I'm not sure 'techno-feudalism' offers any clarity. I still think monopoly capitalism very adequately describes our current state of affairs. I happen to be a communist, and to me this doesn't have anything to do with brutal dictatorship. Nor do I think that current states which claim to aspire to communism fit that definition and instead when people think of China or Cuba for instance, they're thinking of a specter largely fabricated by those who control the levers of mass communication rather than the real thing. For instance, it's very interesting to go back to the late 1930s and 40s and read what the American press had to say about the USSR back then. The coverage was surprisingly positive, no doubt due to the fact that the US and USSR briefly set aside ideological differences to team up against Hitler. There is no truly independent media in the west, only mouth-pieces to greater or lesser extent, and these mouthpieces unintentionally and intentionally confuse the discourse and sow deception and push culture wars because it's very useful.
@NoOnesaidthis
@NoOnesaidthis 8 ай бұрын
I got prime so I am serf XD , Hoh well
@parth2143
@parth2143 8 ай бұрын
Anyone else here from the WAN show?
@teksyndicate
@teksyndicate 8 ай бұрын
Lol what did they talk about to send you over?
@SpicyCasual
@SpicyCasual 8 ай бұрын
The sponsor on this video is incredibly unfortunate, they already have a deal going on that's 25% off many of the items from their store. So when you click through it gives you a different code than the one that he's advertising. Either way the customer gets 25% off but Logan gets kind of shafted because they don't use his code they use the one from the site.
@teksyndicate
@teksyndicate 8 ай бұрын
It's ok. I'm not an affiliate or anything. They just paid a flat fee to mention their USB C sale
@FrostyBravo
@FrostyBravo 7 ай бұрын
😍
@hd-be7di
@hd-be7di 6 ай бұрын
Dude if I had to buy all the things I buy from Amazon physically from a store do you know how much time I would waste? Driving to different stores then looking around the isles to find the things I need then oops they're out of stock in this store well fk me... bro I just search what I need click order and it's done. You're a seller and Amazon doesn't give 2 shits about you because you're readily replaceable by another seller that's willing to do more for less than you. Amazon is customer focused that's why it's successful.. you can complain all you want it won't matter.
@NoMastersNoMistress
@NoMastersNoMistress 2 ай бұрын
Yanis is an open socialist in his economics and politics. (As am I for that matter) If you have some idealized form of capitalism, you really need to wake up. Actual capitalists have never allowed it and will never allow it to exist. Yanis uses the term "techno feudalism" as a scare tactic to wake up small business people who really aren't the problem, except when they start supporting fascism, which many did prior to WW2. If you want to see the real face of capitalism, Smedley Butler laid it out for all to see in "War is a Racket."
@jprieto727
@jprieto727 8 ай бұрын
Late stage capitalism
@pse2020
@pse2020 8 ай бұрын
So a guy(jeff bezos) hates paying taxes, creates a "store" where he can extract(taxes) rent from everyone, in a win lose situation.... The irony
@praetorxyn
@praetorxyn 8 ай бұрын
Awful stuff for sure, but I'm basically stuck. I've been subscribed to Amazon Prime since 2008 or so, and I'm legally blind so I literally can't drive to a store to get something. If I buy something from a website that isn't Amazon, which I do now and then, shipping is usually $10-15 and it takes about 5 business days to arrive, if not more. With Amazon, I order enough shit in a year that the $100 for free two day shipping really does pay for itself.
@jakedill1304
@jakedill1304 8 ай бұрын
Just want to make a very important point here.. Amazon rockets don't look like p'nses... They were modeled to resemble their patron and commissioner..
@pmfsv
@pmfsv 8 ай бұрын
I was about to comment you were looking a bit too much like a "varoufakis socialist" than you were probably aware of.. and go and pull the techno-feudalism book on us.. ;)
@Flackon
@Flackon 8 ай бұрын
What do you think of the techno-feudalist idea?
@deusxyz
@deusxyz 8 ай бұрын
ive seen talks on techno feudalism, I disagree its not capitalism tho, normally we call it late stage capitalism, monopoly accumulation was described by Marx
@teksyndicate
@teksyndicate 8 ай бұрын
I think late stage capitalism is a less effective term because it still makes people think they are simply seeking profit, which is true, but that's a limited version of what is going on. These companies are rent-seeking... as in, they are seeking money for nothing... and they wish to do so, by operating giant digital fiefdoms. Even a middleman generally had to buy a good to re-sell it or make a connection or do some work... the apple app store (for instance) is completely passive and they charge a 30% premium. That kind of wealth extraction is different and we need a way to define it so we can fight it.
@deusxyz
@deusxyz 7 ай бұрын
@teksyndicate I agree, its definitely a quantative leap of capitalist accumulation.. it reminds me of what the banks or stock brokers do, gear the system to extract capital, but at a higher level.. I wouldn't say no work, its not totally automated, but much like bankers they are also not creating real wealth, just finding new ways to leach it from society
@deusxyz
@deusxyz 7 ай бұрын
im waffling on but i think techno feudalism as a term is just too confusing and may be compared to feudalism, I feel it's still closer to capitalism in nature
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
Remember corporations are NOT Capitalist
@matheuskc2287
@matheuskc2287 8 ай бұрын
Then tell me a single advanced capitalist experience that doesn't have corporations rulling the market as an oligopoly!
@DrewTNaylor
@DrewTNaylor 8 ай бұрын
Then what are they?
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
@@DrewTNaylor cronyism/crony capitalist, corporatism, corporatocrasit, fascist all about the same thing to a point. Pick your poison. Corporations by definition only exists within a government framework based around tax structure and given advantages. It would never exist in a free market system which is just pure capitalism which equals no government involvement. So when you mix a market system with the state it's no longer capitalist(a free market, which is all about competition) it's corrupted and functions differently. A different system any of the above.
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
@@matheuskc2287 Crypto
@DrewTNaylor
@DrewTNaylor 8 ай бұрын
@@nicholascanada3123 How would there be no corporations under anarcho-capitalism if they already don't pay their taxes?
@winconfig
@winconfig 8 ай бұрын
Bruf is worried bout Amazon and the things thy do. However, Anker is known to have lied about features on cameras they sell with a different name. You're accepting money from a company that has lied about its privacy.
@teksyndicate
@teksyndicate 8 ай бұрын
Honestly didn't know about that so I'll look it up. I agreed to discuss usb-c because I know they have a good record in that dept. Also, I'm allowed to critique things even if I make money to eat.
@winconfig
@winconfig 8 ай бұрын
@@teksyndicate I watched a live, LTT show several months ago and watched the event transpire livw live. I don't know the name of the other company. However it's directly related to Anker. If I can think of name, I'll update.
@winconfig
@winconfig 8 ай бұрын
@@teksyndicateUpdate: Eufy is the name and The Verge has written an article about this issue. Linus canceled the contract live, on-ait because of this. "Despite claims of only using local storage with its security cameras, Eufy has been caught uploading identifiable footage to the cloud. And it’s even possible to view the camera streams using VLC." - The Verge I love the program and have been watching you for at least seven years now. I hope I finally contributed to the group after many, many years of only absorbing information.
@tin2001
@tin2001 8 ай бұрын
@@winconfig Are you thinking of Eufy? That's Anker's branding for the cameras.
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
I will say that Amazon still has competition it isn't a true Monopoly but the government is 😊 Even when I do have prime I often buy from elsewhere for multitude of reasons Not that I'm trying to invalidate what you're saying
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
@@Elatenl Can you read a Dictionary?
@nicholascanada3123
@nicholascanada3123 8 ай бұрын
@@Elatenl OR are you one of those government boot lickers?
@CreatingTheMoneyProblem
@CreatingTheMoneyProblem 8 ай бұрын
Every business needs to scale, otherwise they don't have any say in anything. If you properly scaled your business, you'd have a legal department already, which would deal with Amazon and with any other company looking to screw you over.
@teksyndicate
@teksyndicate 8 ай бұрын
Lol... Are you 12?
@CreatingTheMoneyProblem
@CreatingTheMoneyProblem 8 ай бұрын
@@teksyndicate your mentality is for sure of a 12 year olds. Boo hoo me no like big company.
@Flackon
@Flackon 8 ай бұрын
Are you seriously suggesting a seller of goods should casually get into a legal battle with Amazon? That's so incredibly naive
@Nightwish1773
@Nightwish1773 8 ай бұрын
MUH Capitalism. REEEEE! 😅😂😜🤪🤣
@Nox210
@Nox210 8 ай бұрын
What?
@Simte
@Simte 8 ай бұрын
Phd in stupidity.
@Artesian_mirage
@Artesian_mirage 8 ай бұрын
Wow what a great argument. I suspect high levels of IQ with you. You should go debate professionally on the big stage
@Nightwish1773
@Nightwish1773 8 ай бұрын
He attacks capitalism while at the same time selling you products ! Makes sense. LOL
@Flackon
@Flackon 8 ай бұрын
yeah?@@Nightwish1773
@andrewchr
@andrewchr 8 ай бұрын
Amazon is so much much more than an online store. I don't see anything wrong with that.
@teksyndicate
@teksyndicate 8 ай бұрын
I guess you didn't watch the video.
@Flackon
@Flackon 8 ай бұрын
While there's nothing wrong with being more than an online bookshop, there's still plenty wrong with Amazon. The way they've set up a chokehold of the markets is catastrophic for innovation and the economy
@andrewchr
@andrewchr 8 ай бұрын
@@FlackonVaroufakis fan I presume?
@Flackon
@Flackon 8 ай бұрын
@@andrewchr not really. Why?
@JDUK71
@JDUK71 8 ай бұрын
Totally agree.
@yikes710
@yikes710 8 ай бұрын
bro does a sponsored AliExpress video then complains about Amazon lmfao
@TupacAmaru3
@TupacAmaru3 8 ай бұрын
Its funny bc the video he made about the 4060 ti, it’s actually cheaper to buy it on amazon☠️
@darkphotonstudio
@darkphotonstudio 8 ай бұрын
Don’t hate the player, hate the game.
@T0asty-
@T0asty- 8 ай бұрын
I do the easy route and not use either. 😊
@juliancasa9602
@juliancasa9602 8 ай бұрын
He's blacklisted any and all sponsors are welcome for the right price 😎. That ali shipping will get there in 20 days tho...
@teksyndicate
@teksyndicate 8 ай бұрын
good point. I do often critique systems that I participate in... because I gotta eat and I like fancy coffee... but yeah.
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