3 ms·
Being a monopoly isn’t the issue. Abusing monopoly power is. Commentators often miss that both is required for antitrust action. In what market does Amazon hav
by jonhohle 6y ago
Being a monopoly isn’t the issue. Abusing monopoly power is. Commentators often miss that both is required for antitrust action.
In what market does Amazon have a defacto monopoly in? Apple is another one often brought up for antitrust related to App Store policing.
In the late 90s, early 00s, Microsoft sold 90+% of desktop operating systems (their monopoly). That’s fine, great success! However, they used that monopoly to harm competitors: bundling a competing product with their earned monopoly (IE/Netscape), threatening vendors which attempted to also sell a competitor’s product (Sony/BeOS), locking in customers by extending common platforms and making them incompatible with competitor’s products (Java).
Had they not had a monopoly, those actions probably wouldn’t be considered abuse. It’s the combination that’s the problem.
- theandrewbailey 6y agoThat pretty much explains it. Pointing out Mac+Netscape vs MS in the 90s is my simple one-liner when anyone says that $company isn't a monopoly, because $competition.
- scarface74 6y agoAnd guess what? Apple overtook Microsoft in revenue and profit not because of government intervention but because of strong leadership and being innovative - capitalism worked.