Re:FTC Sues Facebook for Illegal Monopolization
by dcolkitt on Thursday December 10, 2020 @10:48AM
(#25374931)
> But in the case of Amazon, the third-party sellers on Amazon's website get screwed, and that is where the antitrust concern lies.
Antitrust law only considers consumer welfare. It's perfectly legal to use monopoly power to squeeze third-party suppliers. Especially if any of those cost-savings are passed along to consumers in the form of lower prices. (Which is pretty indisputable with Amazon.) Antitrust only exists to protect consumers, not other businesses, competitors or suppliers.
Antitrust law only considers consumer welfare. It's perfectly legal to use monopoly power to squeeze third-party suppliers. Especially if any of those cost-savings are passed along to consumers in the form of lower prices. (Which is pretty indisputable with Amazon.) Antitrust only exists to protect consumers, not other businesses, competitors or suppliers.