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Microsoft and Bell were successfully sued using existing antitrust law because they WERE harming consumers. So again, how is Amazon hurting consumers?
by skystarman 5y ago
Microsoft and Bell were successfully sued using existing antitrust law because they WERE harming consumers.
So again, how is Amazon hurting consumers?
- kube-system 5y agoThey are using their power to force competitors out of the market. That's what antitrust is about anyway -- it's not really about how happy customers are. "We're the best!" is easy to say when you've decimated any potential rivals.
- dontblink 5y agoIt is in the US though?
- kube-system 5y agoLaws that prohibit anticompetitive practices do just as the name implies -- they prohibit companies from acting in a way that inhibits competition with their competitors in the market. The impact on consumers is often used as a justification and evidence of that, but it's not usually a requirement. It is assumed that the act of being anticompetitive itself is harmful to consumers as it limits their options.
- deleted 5y ago[deleted]
- insert_coin 5y ago> They are using their power to force competitors out of the market. Everyone does this, it is called competition.
- kube-system 5y agoIn fact, many would say that monopolistic powers are the end result of capitalism. Thus the reason for antitrust regs to act as a reset.
- insert_coin 5y agoAnd they would be wrong. The fact that everyone does it is the reason no one truly succeeds, not in the long run. A MAD strategy not only with two players but with millions. That is why every free market monopoly that has ever existed has passed and we are not living under the thumb of a single all encompassing mega-corporation and the only pseudo-monopolies possible are the ones guaranteed by law in regulations.