Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by hcurtiss on Friday November 08, 2019 @03:24PM
(#21486334)
In my view, there has never been a more diverse and vibrant marketplace than online shopping. Amazon offers decent services, but whether it's shoes, or TVs, or food, there are many, many, very viable alternatives. It's very interesting to me that some folks are able to define "monopoly" in their head in a manner that captures Amazon.
Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by seph-reed on Friday November 08, 2019 @06:06PM
(#21487857)
I think monopoly is a bit of a misnomer here. There's certain levels of market power at which you no longer need to cut corners to make a profit, and at that point the right thing to do is pay it forward. Start treating everyone better. Amazon obviously isn't doing this, and are instead taking a more parasitic route and I think monopoly or not, people are fucking tired of the whole "legally right but ethically wrong" thing.
Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by papln on Friday November 08, 2019 @03:31PM
(#21486396)
Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by toasterlovin on Friday November 08, 2019 @03:58PM
(#21486671)
In what world is Amazon a monopoly in retail? Walmart does almost double their sales.
Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by danaris on Friday November 08, 2019 @05:02PM
(#21487326)
It is possible to be a retailer, and a monopoly, without being a monopoly in retail. Indeed, most determinations of monopoly power use a much narrower definition of the field they hold that power in.
For instance, Amazon holds a significant percentage of online book sales—and, in fact, of online retail sales in general; see one of the sibling comments for references.
Re:Amazon Is Accused of Forcing Up Prices in Antitrust Compl...
by toasterlovin on Friday November 08, 2019 @08:52PM
(#21489000)
The context is selling physical goods, in general, on Amazon, not just books.
That's only true if they don't wield monopoly power.
Personally, I think there's a very strong argument that they do.
It would be interesting to see to what extent courts agree.