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It's true that if you define Amazon's market segment to be "all of human commerce" then it doesn't look particularly dominant. But if you applied that sort of s
by anthuswilliams 6y ago
It's true that if you define Amazon's market segment to be "all of human commerce" then it doesn't look particularly dominant. But if you applied that sort of standard to monopolies, there would be no antitrust enforcement anywhere.
- briandear 6y agoBut we aren’t saying “all of human commerce,” but “the retail sector.” We can always narrow things into absurdity to imply a monopoly. But as a matter of fact, Amazon isn’t a monopoly in retail, or even online retail. To give an anecdote of my online buying in the past few months: I bought furniture from Crate and Barrel and Design Within Reach, in-line skates and street hockey gear from Pure Hockey, pilot supplies from Sporty’s, a silly tshirt from some random Facebook ad/vendor, some paracord and survival water from Amazon, an aircraft emergency raft from some raft company in Florida, some Surefire flashlight batteries from Amazon, a piece of furniture from Wayfair, sunscreen from the Sun Bum website. I know not many would care what I bought over the past few months, but without even consciously trying, Amazon was just a part of my normal shopping mix, not even a majority of purposes were from there and the dollar amounts were even smaller of my total shopping spend. Of course there are people that use Amazon more frequently and regularly, but that doesn’t make it a monopoly. You can easily buy from other places. Amazon retail is really nothing more than a highly efficient version of Sears. Ubiquitous, but hardly a monopoly.