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It's not just Amazon. If we wanted to avoid this antitrust hellhole we are in now, we should have broken up Wal-Mart, Target, Home Depot, Sears, basically every
by gjsman-1000 4y ago
It's not just Amazon. If we wanted to avoid this antitrust hellhole we are in now, we should have broken up Wal-Mart, Target, Home Depot, Sears, basically everyone that crushed the small businesses at the beginning. Now they complain because Amazon is the latest thing crushing them. And soon, Alibaba and AliExpress might be the latest thing to crush Amazon at this rate.
I think the biggest mistake was framing antitrust law as being whether a company harmed consumers. Amazon, well, its reduced prices like crazy and brought lots of competitive products out, so how does it harm consumers by that definition? It's hard to prove. If antitrust law was instead framed as preventing companies from making it inordinately difficult to compete with them, as well as companies with dominance expanding outside of a core market (like Amazon expanding from bookselling to Amazon Basics), then we'd have a stronger definition.