Long-term, it would be good business sense for Amazon to address the counterfeit issue to remove the bad actors from their platform to stay in good standing with consumers so people continue to use their platform and purchase items without worry about getting scammed. Short-term, at least one idea to fix this is to implement more stringent checks/QA with their FBA policies. Do more stringent verification of imported…
> Long-term That is the trick. If short-term Amazon accumulates enough money it can later on purchase businesses with a better reputation and repeat the trick again. I have seen this done by General Electric. It purchases a medium size company with good reputation and loyal customers. GE reduces costs (quality, employee salaries, etc.) and milks the cow for a decade. When many customers have left because higher price…
The people need to cede power from the Capitalists sufficiently to do that in USA; apply some democracy to the situation.
We need to build longevity into our planetary systems of production.