Paul Krugman: Amazons Book Monopsony Is Not OK

The video explores the concept of monopsony, focusing on Amazon's market power in book sales. It discusses the economic implications of being a sole buyer, regulatory shifts in the US, and the balance between consumer benefits and monopsony risks. The video also examines Amazon's potential as an investment, considering its cash flow stability and market dominance.

Discuss the potential risks associated with focusing solely on consumer benefits in the context of Amazon's business practices.

What factors contribute to the attractiveness of Amazon as an investment despite its market power?