You know something? We’re all so busy losing our shit over the possible banning of TikTok, as well Elon Musk’s takeover of the government or whatever his deal is, everyone who ever gave a damn have completely forgotten about this.
Allow me to quote you (like you have a choice) a particularly interesting part or two:
Most politicians don’t understand how to confront Amazon’s market power. The most recent example is in France, where last month a decision was made to levy a 3 percent tax on Big Tech firms with global revenues higher than €750 million (~$830 million) and French revenues exceeding €25 million.
Amazon responded by simply levying its own tax on French businesses and increasing seller fees by 3 percent. As countries across the European Union consider their own plans to tax Big Tech monopolies instead of breaking them up, it’s hard to imagine why every company won’t follow Amazon’s example. The ability to levy taxes is typically reserved for states, but corporations have made it increasingly clear they’re eager to challenge and usurp any nation-state’s sovereignty.
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Amazon’s cloud computing services—the company’s cash cow—are integral to the functioning of countless corporations, intelligence services, and government entities. Owning over 50 percent of the market share (its closest competitor, Microsoft, commands about 13 percent) and close to half of all public cloud-infrastructure, there is simply no practical way to avoid the tech behemoth’s influence.
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