Yahoo! Finance: Manhattan store owner: ‘Amazon is a monster’ that will ‘destroy swaths of the country’

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“…Goldberg adds that it is Amazon, and online shopping writ large, that is more responsible for the decline of brick-and-mortar retail than any other factor, though in New York in particular people tend to blame greedy landlords, who hike up rents. To be sure, e-commerce still represents less than 10% of all US retail sales, according to the most recent figures from the US Census…As Amazon spreads its tentacles and continues to enter a range of new industries, many are now wondering whether the e-commerce giant might soon face antitrust scrutiny. And earlier this month, the FTC brought on board legal fellow Lina Khan, who has argued in support of pursuing Amazon on antitrust grounds.”

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In America today, wealth and political power are more concentrated than at any point in our country’s history.

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