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Amazon is abusing it's monopoly power to hurt competition, when Amazon is the only place to certain things, consumer cost will go up.
by tartuffe78 3y ago
Amazon is abusing it's monopoly power to hurt competition, when Amazon is the only place to certain things, consumer cost will go up.
- endisneigh 3y ago> when Amazon is the only place to certain things No seller is obligated to sell on Amazon to begin with, so this entire premise is false.
- smoldesu 3y ago"No manufacturer is obligated to buy Standard Oil or Carnegie steel, so this entire premise is false."
- endisneigh 3y agoYes, because there are not literally thousands of e-commerce stores out there. Amazon is the only one. UPS, USPS and FedEx don't exist either. You must use Prime to transport your stuff.
- smoldesu 3y agoLook, with this reasoning there is literally no world in which Amazon can be implicated for monopoly abuse of power. Apparently, having any other option (even if it is damaged by monopoly abuse) is good enough for you. Clearly the FTC disagrees with your logic, and I'm glad they do. FedEx, UPS and USPS should be sued too if they did what Amazon is doing.
- endisneigh 3y agoThe FTC disagrees, but they will lose, as they've lost before.
- smoldesu 3y agoIt's definitely not just the FTC. 3 years ago, the European commission launched an investigation for the same thing: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2077 https://ec.europa.eu/commission/presscorner/detail/en/ip_20_... If the FTC doesn't get them, rest easy. At least Europe knows how to keep their market on a leash.
- fzeroracer 3y agoI assume you're not familiar with Walmart or how they operate?