Amazon, “Economic Terrorism” and the Destruction of Competition and Livelihoods Colin Todhunter Global corporations are colonising India’s retail space through e-commerce and destroying small-scale physical retail and millions of livelihoods. Walmart entered into India in 2016 with a US$3.3 billion take-over of the online retail start-up Jet.com. This was followed in 2018 with a US$16 billion take-over of India’s largest online retail platform, Flipkart. Today, Walmart and Amazon control almost two thirds of India’s digital retail sector. Amazon and Walmart have a record of using predatory pricing, deep discounts and other unfair business practices to attract customers to their online platforms. A couple of years ago, those two companies generated sales of over US$3 billion in just six days during Diwali. India’s small retailers reacted by calling for a boycott of online shopping. If you want to know the eventual fate of India’s local markets and small ...