Ask America Inc. Oakland, California 94661 email@example.com 510-338-0000
Should companies expand into other industries?
I recently got a letter from Amazon stating that as a Prime member, I have access to their streaming service. This isn't news to me but, it got me thinking about how far this company had come. It was a simple delivery service that connected consumers to businesses but, now, it has grown into several industries; film production, content streaming, grocery, technology, even more I'm sure. And, it's not just Amazon. Enclosed in the same letter was an advertisement for a STARBUCKS ORIGINAL SERIES. Starbucks is now producing video content? Like, what the hell?
The thing is, where do you draw the line? To me, there's something harmful about massive corporations becoming engaged in other industries because I believe it creates an oligarchical market. Imagine if everything we consumed, from food to entertainment and everything in between, were almost exclusively provided by a select few companies. I believe that's the path we're headed down; a world where entrepreneurial endeavors are squandered and the small companies, or start-up efforts are not allowed to grow because Apple decided it wanted to start making designer purses (for instance). I don't know, I just feel like letting giants run loose is a bad thing and should be regulated, in the same sense that the U.S. does not allow monopolies.
So, what do you think? Should companies be regulated when it comes to industry involvement?