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From what I understand, Standard Oil used their dominance in the market to stifle competition and 'restrain trade'. Because Amazon is big doesn't necessarily me
by damagednoob 7y ago
From what I understand, Standard Oil used their dominance in the market to stifle competition and 'restrain trade'. Because Amazon is big doesn't necessarily mean they are doing these things. I would imagine they are being very careful not to fall foul of these laws, unlike Microsoft in 2001.
- blackflame7000 7y agoThere’s certainly a argument to be made on stifling competition if even Walmart has trouble keeping up. What hope do small to moderate regional retail stores have? All that regional wealth is sucked up online and redistributed to a few managers of mangers instead of actually making the communities better by allowing people to own a part of it. The biggest problem that’s causing income disparity is that people are consuming things rather than owning things.