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SMITH: Amazon is saving retail, not destroying it

By Karl W. Smith, Bloomberg News (TNS) Last week U.S. Treasury Secretary Steven Mnuchin argued that Amazon has “destroyed the retail industry across the United States” and so the Department of Justice is “absolutely right” to investigate it. Both of those premises are dubious: The U.S. retail industry is changing but is very much alive, thank you — and rewriting the rules of antitrust law would hurt

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