In 1986 Jeff Yastine earned a Bachelor of Arts Degree in Telecommunications from the University of Florida. For the last 32 years, he has worked as a financial journalist. He began that career as an anchor and correspondent for the Nightly Business Report on PBS.
After leaving PBS he worked for NewsMax as Director of News and from there he would serve as Editorial Director for the Oxford Club. In 2015, Jeff became an Editorial Director with Banyan Hill Publishing. Today he edits Banyan Hill’s “Total Wealth Insider”.
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In the US, Anti-trust Laws were instituted to foster free trade. Additionally, they are intended to prevent a company from becoming a virtual monopoly through unscrupulous business practices. Without out Anti-Trust laws, free trade which benefits business and consumers could become a thing of the past.
Jeff Yastine believes anti-trust laws should be used to rein in Amazon. Over the last two years, more than 26 companies that were once retail juggernauts declared bankruptcy. Bill Simon a former Walmart CEO opined that Amazon played no small part in these failures insisting that Amazon’s tactics are predatory and unfair. Jeff Yastine believes that such allegations from other business leaders do not bode well for Amazon.
Yastine acknowledges that these companies must shoulder some of the blame for their failure but doesn’t factor out Amazon. As he explains it by selling virtually everything Amazon can easily undercut its competition. This is the basis for the allegation of predatory-practices.
The practices that made Amazon an American success story may result in the company being charged with anti-trust violations. It has already happened in Japan. Amazon’s offices there were raided on suspicion that discounts offered by Amazon to boost sales were born by Amazon’s suppliers rather than Amazon.
Jeff Yastine cited an article by Lina M. Khan a legal scholar at Yale. Khan stated not only does Amazon’s business model violate anti-trust laws, but those laws are inadequate to deal with the threat Amazon poses to free trade. Khan also suggested that Amazon founder Jeff Bezos has studied how to defeat the anti-trust laws. View: https://forexvestor.com/total-wealth-insider-review