U.S. Secretary Treasury Steven Mnuchin voiced his support for a new antitrust investigation into large U.S. tech firms on Wednesday, taking particular aim at Amazon.com Inc. during an interview with CNBC:
Amazon pushed back on the accusation that it harms small business, contending in a statement to MarketWatch: “Small and medium-sized are thriving with Amazon.”
Trump is just going after Amazon because he hates Bezos.
Wasn’t he partners with Eddielampert on the whole Sears massacre?
Incompetent retail business manager destroyed retail industry across the United States
So they came up with something that people like. So amazon should be embarressed they did it better than others?
i just can't say it enough: 'mnuchin IS a MORON'‼️‼️
The retail industry destroyed itself, like the taxi industry. It’s modern competition. Amazon gave customers what they want
BULLSHIT. THE RETAIL INDUSTRY HAS BEEN FAILING FOR YEARS. ADAPT OR SIE IS THE MANTRA FOR BUSINESS. RETAIL DID NOT ADAPT. COAL AND AUTOS ARE OTHER GOOD EXAMPLES OF DYING INDUSTRIES. COAL IS ALREADY DEAD AND AUTOS ARE NOT PRACTICAL IN LARGE CITIES
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Electronic circuitry has destroyed the adding machine industry. Bring back the leaky 50 pound adding machines!
I sense Amazon will crash and burn. That don’t mean they’ll go away, but they’ll see serious problems soon.
Plz, they said same-thing about Walmart. Must be Walmart lobbying for this to stop competion, lol
think of all the things skullandbones destroyed.. iraq, the presidency, south central LA.. Geronimo's grave..
And the Trump administration destroys the country and relationships with allies
Chapter 322 of the International Order of the Rothschilds
He is in Skull and Bones with Eddie Lambert the CEO of Sears, and a co-defendant in the suit brought by shareholders
This is the first time Mnuchin had something smart to say.
MUNCHY! Lay off Amazon! It’s called free market economics, Mr. Expert! Don’t attempt to cloak it!!!
$amzn has passed its prime & will be going downhill this point on
Mnuchin is another one of realDonaldTrump unqualified idiots. Over half the items sold on Amazon are by independent 3rd party retailers, i.e. small businesses. The small retail business is doing great because of Amazon.
Walking orders from his daddy
It’s called progress this how the new generation shops the days of the mall numbered🔥👹🤡
Amazon and the greedy manufacturers that send their products to be made in China,
Capitalism, bruh.
Adapt or die. Only Walmart and it’s “competitor” target are getting it.
its going to destroy a lot more than that by time its finished once them self service shops and then supermarkets are up and running
Actually, venture capitalists are killing the retail chains with their LBOs, their dividends, and their payback terms.
Mnuchin’s sidejob of PPT has destroyed our markets and participants. Thanks.
Did he work at GoldmanSachs ?
Amazon didn’t destroy it... they improved it... private equity destroyed it
Isn’t Mnuchin the treasury secretary? I would think he understands basic economics like economies of scale etc
I thought they had said that it was Walmart.
No. Amazon has changed the retail sector. Others need to adapt. It's progress
Henry Ford destroyed the carriage industry.
Amazon the worst company of all time. Bezos beliefs all employees are expendable
That's not true. 😍 Amazon.
But, that is how a free market works.
Well, walmart did it first but, now i just feel like a troll.
Time for the America people to see those trumptaxreturns TrumpCrimeFamily
stevemnuchin1 Aka free market capitalism.
How much did you make at Goldman, and are you making now trading and apparently shorting Amazon?
And not just retail
Huh? He must mean brick and mortar stores
Amazon created a guy friendly shopping experience.
What a dope
So he fleeces Sears and staff and is now blaming Amazon.
...and improved the lives of millions of Americans through their innovations. Capitalism breeds competition and if you can’t compete you fail.
He destroyed Sears and stole it pension fund.
This guy claim to love America but his true intentions is keep her under control for he and his group benefit.
He is totally right, diwn with amazon
That’s what technology disruption does- out of the ashes of the past, rises the new way of doing things. Disruption cycles are exponentially getting smaller - learn to adapt and stay ahead is the only way to survive and thrive!
Isn't that called free enterprise?
It's called a better mouse trap.
Look forward to Amazon funneling billions against Trump in 2020. Keep on yappin' Orange Man!
He should have said 'Amazon/Washington Post' just to underscore what this is really about.
I think they call that capitalism.
This guy is doing everything and anything he can to destroy the most successful company in the USA! Unbelievable!
If Mnuchin lived in the early 1900's he would be calling for the Government to be looking into Ford Motor Company for unfair practices such as putting horse buggy manufacturers out of business.
Cant argue with this…
Yes, when one company offers superior selection, price, convenience and service, lesser competitors fail. In America we call that 'capitalism.'
An retail rip us off, all these years. When you offer 50% off an still make money. Maybe retail should offer better prices.
Wrong. The retail industry didn’t understand the venues of a new digital economy and put itself to death
Nothing more entrepreneurial, free-market or American than that.
What small business did Amazon hurt? I don’t know of any small retail businesses. All of the big box stores destroyed small retailers before Amazon.
Adapt or die
Sounds like a new hitjob rolling out from the Trump Gang
Simply the Munch following a Trump directive.
Better leave Amazon alone. They are the only company that has enough to cover the deficit. You may need to float a loan.
Maybe the brick and mortar side of retail
Laughable. Bet his trophy wife buys from Amazon daily.
Same was said about malls.
No people destroyed the retail industry. We got lazy and took the easy way out once again.
Creative destruction: There is no guarantee Amazon will survive long-term, either.
Another way of looking at it is whether Amazon's e-commerce business has reduced job opportunities in the retail sector for shop assistants, checkout clerks, and so on. Do the additional postal and delivery service jobs Amazon might have helped create compensate for these losses?
Well duh! Who is this brilliant guy? savesmallbusiness
His wife’s glove was clearly purchased on Amazon for $12.99. No wonder Stevie is so upset. LouisVuitton CHANEL Gucci
I mean it's capitalism..
Is Munchkin Mnuchin worried he hasn't got his cut !!! Grifters, grift ...
reinventing the retail industry is more accurate
Destroyed Big Box Retail. Government destroys small businesses with shithole taxes!
No you destroyed the retail industry with private equity. Your cheap money Ponzi scheme enabling buybacks enriching CEO's, politicians all leading to bankrupted company's along with the nation. The pitch forks are coming. SpeakerPelosi
Cars destroyed the horse industry.
Using federal government to go after Owners business that calls out TRUMP!!!
Hum? How Guess Uber destroys the taxi industry also 😤
Private equity destroyed Toys r us.
Disruption does not equal destruction. Shame on lethargic and apathetic retail for not leading with innovation. Consumers benefit from innovation and companies run by tired old men lose.
Must be because he doesn’t get any of the profits
stevenmnuchin1 NO SHIT!
Alexander Grahambell destroyed the telegraph and Edison destroyed the candle industry. Capitalism 101 Either evolved or die.
It’s called competition
It’s call free markets ...
So Socialism is the answer? AMZN did not ruin the sector, it saw the future and made a plan while brick and mortars pretended it was still 1965. Such a snowflake comment.
to which everyone goes 'yeah, we knew that already, Sherlock, what took you so long?'
He’s mad.
So, Munchkin hasn't heard of a free economy? Capitalism?
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