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I don't think Amazon has fully crossed any lines just yet, but I do think it's bound to happen fairly soon just due to scale. My point is meant to compare anti
by grandalf 9y ago
I don't think Amazon has fully crossed any lines just yet, but I do think it's bound to happen fairly soon just due to scale.
My point is meant to compare antitrust enforcement to the other mechanisms that are viewed by some as necessary to prevent large corporations from causing negative externalities.
Arguably if proper antitrust enforcement had been done in the finance industry, then no firms would have become too big to fail and all of the perverse incentives underscored by regulators post 2008 could have been avoided.
The problem is that since our regulatory state rewards size, there is a strong incentive to become large and hence too big to fail. As Amazon becomes a bigger and bigger part of the economy, it could start using the same rent-seeking tactics that financial firms used in 2008 to get major corporate welfare.