Over recent months, considerable criticism was heard around the world against the business giant, Amazon, which evades taxes and crushes smaller and larger business alike. As Amazon is about to enter the Israeli market, some are concerned the giant will cause the closure of many businesses in Israel.

25 years have passed since Amazon CEO Jeff Bezos set up an online store to sell books. In time, the store because an empire for the richest man in the world. Today, Amazon is the world’s largest digital store with a market cap of $964 billion and more than 300 million customers scatter across the globe.

Customers are satisfied, but Amazon employees, a little less so. Last week, Amazon employees around the world demonstrated against their minimum wage and difficult conditions. A new documentary, “The World According to Amazon”, to be broadcast next months on HOT channel 8, reveals how Amazon has become a monster swallowing everything in its path. News12 reports.

All over the world, they have long since become addicted to Amazon. Last week, the Prime Day was celebrated – the company’s annual shopping day. More than 175 million products have been sold for $7 billion in 48 hours of operations and discounts, and Amazon has once again proven its enormous power. Just before entering the Israeli market, a look at the shopping empire that is conquering the world.

According to various estimates, 85,000 small business in the United States have closed in the last decade as a result of the company’s expansion, and in the last eight years, 40,000 local managers, mostly young people with high salaries, have been building skyscrapers. The average rent rises each year, along with the number of street dwellers in the city who are unable to meet their rental commitment.

In 2013, Amazon arrived in India, but local businessmen recognized the danger and made it difficult for the new player to threaten their livelihood. The government has also been trying in recent years to prevent the Amazon takeover of the Indian market. Amazon now loses a lot of money every day in India, but this is part of the long-term strategy of Bezos, who ultimately aims to take control of the vast Indian market.

A few months ago, Amazon decided to start its entry into the Israeli market. Its penetration into Israel seems inevitable. The digital shopping world is expanding and bringing competition and lowering prices. It remains to be hoped that Israel will succeed in taking control of the enormous power of the Amazon empire, just before it swallows Israel up.

(YWN Israel Desk – Jerusalem)