Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

FakeNoose

(42,045 posts)
Fri Apr 24, 2026, 08:49 AM Friday

Robert Reich: The Worst Neo Robber Baron of Them All



Link: https://robertreich.substack.com/p/the-worst-ceo-of-all

I’m tempted to give Elon Musk that title. But when it comes to greedy and irresponsible corporate behavior, one CEO is outdoing even Musk.

When the history of this sordid second Gilded Age is written, the list of neo robber barons will obviously include Musk as well as Meta’s (Facebook’s) Mark Zuckerberg, Palantir’s Alex Karp, Palantir’s co-founder and board chair Peter Thiel, Oracle’s Larry Ellison (and his son, David), Google’s Sundar Pichai, Blackstone’s Stephen Schwarzman, and the Trump Organization’s monumentally corrupt Donald Trump, Donald Trump Jr., and Eric Trump.

But one greedy, public-be-damned CEO stands out even above Musk, Trump, and the rest. His name: Jeff Bezos. His corporation: Amazon.

It is difficult for the human mind to comprehend all the ways Bezos is shafting Americans.

Start with prices. According to a newly unsealed filing released Monday in an antitrust lawsuit brought by California Attorney General Rob Bonta, Amazon has pressured major brands like Levi’s and Hanes to demand that competing retailers raise prices on their products.

The New York Times’s David McCabe reports on unsealed evidence that Amazon punishes sellers on its marketplace for offering lower prices on other websites, like those of Walmart or Target. When it spots a competitor’s lower price, Amazon tells the brands to demand that rival sites raise their prices for the products.

The filing includes an email to Hanes from Amazon, with links to Target’s and Walmart’s lower prices, along with Hanes’s apologetic response that it “reached out to Target and Walmart to have the prices increased.” And an email to Levi’s from Amazon, with links to lower-priced khakis on Walmart’s website, along with Levi’s response that Walmart had agreed to raise its price.

According to the lawsuit, Amazon has been able to exert pressure on different brands to raise their prices because of Amazon’s power and reach. At a time when most Americans are having trouble making ends meet, Amazon’s push to raise prices — to enlarge its profits (and put more money into Jeff Bezos’s pockets) — is beyond unconscionable.

This is hardly Bezos’s and Amazon’s first brush with antitrust law. In 2023, the Federal Trade Commission and 17 states accused Amazon of illegally maintaining a monopoly in online retail by squeezing merchants who sell on its site and prioritizing its own products, resulting in “artificially higher prices.”

In September, the FTC agreed to settle another lawsuit against Amazon that accused it of making it difficult for consumers to cancel its Prime subscription service. Amazon agreed to pay up to $2.5 billion — including $1 billion in penalties and additional payouts to consumers — but didn’t admit or deny wrongdoing.
- more at link -

I'm not a big customer on Amazon, however I do occasionally shop there. In my case, I've turned to Amazon only when it offers an item that I couldn't find in local stores in Pittsburgh. I've always tried to patronize local merchants whenever possible, but it's getting hard to do. No retailers can afford to carry all the styles in all the sizes in inventory any more. In my own situation I cannot "boycott" Amazon, however I can pledge to put more effort into shopping with local retailers, thus denying the extra profits to Amazon.

Robert Reich brings some damning evidence against Jeff Bezos/Amazon in this article. Please read the rest on his substack (OP link.)

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Robert Reich: The Worst Neo Robber Baron of Them All (Original Post) FakeNoose Friday OP
I live in a small rural town. Amazon is unavoidable. CanonRay Friday #1

CanonRay

(16,207 posts)
1. I live in a small rural town. Amazon is unavoidable.
Fri Apr 24, 2026, 09:58 AM
Friday

It's a 120 mile round trip to even a small city of 100k A major city is at least an 8 hour round trip.

Latest Discussions»Editorials & Other Articles»Robert Reich: The Worst N...