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Taxpayer dollars and regulators' attention are rival commodities. There are plenty of monopolistic/oligopolistic companies and industries that merit examination
by wpasc 9y ago
Taxpayer dollars and regulators' attention are rival commodities. There are plenty of monopolistic/oligopolistic companies and industries that merit examination and reform much, much earlier than Amazon because they currently are exploiting their market position (Chicken companies, Monsanto, etc.)
If no mono-/oligopolies existed that were abusing their power, then maybe our government could talk regulation Amazon, but still you'd have to make a strong case.
I think it's a tough sell to have an inefficient entity that does not have to compete in a corporate survival sense (the government) tell a very efficient entity that has seen many similar "monopolies" fall (e.g. microsoft) to act differently.
- ianai 9y agoBy definition, if a company has significant market power then they are not delivering the services/goods society wants from their market. Because they are able to set price they are setting output below optimum. This leaves demand unmet. But the worst part is it creates wasted goods. Ie they wind up making units that they won’t sell or hoarding resources that then may not be used by anyone. Market power leads to inefficiency and that’s supposed to be what free economy does better than the other resource allocation systems.