Amazon Is Great, but Should Beware Becoming Subsidy Junkie

Dear Jeff: Amazon is amazing. In just 20 years as a public company, the company you founded has experienced a thousand-fold growth in sales — going from $148 million in 1997 to $138 billion in 2016 and a projected $160 billion in the current year. Adjusted for splits, the price of the stock has gone up 200-fold — from a high of $5 a share in 1997 to $1,004 a share today. To paraphrase the bard, Amazon doth bestride the narrow world of retailing like a colossus. Others quake at its every movement. Back in June, when you announced the