Author Topic: Indian Rebellion 1857  (Read 700 times)

rp

  • Hero Member
  • *****
  • Posts: 2296
    • View Profile
Economic Colonialism
« on: October 21, 2020, 03:54:18 am »
Indian retailers protest Amazon's entry into India, allege "foreign economic terrorism":
https://www.businessinsider.com/india-residents-protest-amazon-1-billion-investment-2020-1
Quote
Sumit Agarwal of the Confederation of All India Traders said on Twitter that Bezos "runs an organisation that expertises in predatory & anticompetitive business." The confederation has described Bezos as an "economic terrorist."
Quote
Protesters held signs that said "Jeff Bezos go back!" and "Second version of East India Company," a reference to the British company that colonized India, parts of Southeast Asia, and Hong Kong. The theme echoed Agarwal's comment that companies like Amazon are "foreign economic terrorists & invaders."

I am on-board with the protests, but please refrain from using western terms such as "anticompetitive". It is precisely competition that led to this very predicament! Competition to increase market share!

The root of the problem is, of course, capitalism, which, by causing all exchange of goods and services to be purely monetary and thus sold for profit rather than remuneration for the labor cost required to produced the good, incentivizes those with a large amount of capital to undercut prices as they can increase their profit margins, and therefore rewards individuals such as Bezos and those of his ilk (Jews) who are most efficient at this process.
« Last Edit: October 21, 2020, 04:04:05 am by rp »
Like Like x 1 View List