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Less competitive marketplaces harm consumers. Consolidation means less competition. Amazon is already under antitrust charges and investigations in the EU and U
by jjcon 5y ago
Less competitive marketplaces harm consumers. Consolidation means less competition. Amazon is already under antitrust charges and investigations in the EU and US for these types of misdeeds.
- NikolaeVarius 5y agoSo literally any acquisition is bad?
- ameister14 5y ago>Less competitive marketplaces harm consumers. That's not a law. There are a lot of examples of more competitive markets harming consumers - the trick is regulating the products and the relationship between producer and consumer.
- Spivak 5y agoThere is no marketplace for copyrighted content and there can't really ever be one unless you mandate compulsory licensing. If you want to watch Frozen then you have to buy from Disney or one of their approved vendors. You can't take your business elsewhere and so from a monopoly standpoint it doesn't matter who actually owns it. You might not like that Amazon in particular owns MGM because because it means that their content will likely only be available on Prime but nothing was stopping them from making an exclusive deal prior to the merger.