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A comment on FTC Sues Amazon for Illegally Maintaining Monopoly Power. Parent comment

Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power by blibble on Tuesday September 26, 2023 @04:35PM (#37665482)
> I can't help but think that Amazon should be replaced with a non-profit or regulated public utility that provides a single unified online marketplace, part of internet infrastructure like ICANN.

if the market was working correctly Amazon's profits would be driven down to zero and you'd effectively have this

> As a matter of fact I would suggest that Amazon as it exists is anti-capitalist. It is feudal.

absolutely

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Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power by nwiswell on Tuesday September 26, 2023 @04:41PM (#37665552)
> if the market was working correctly Amazon's profits would be driven down to zero and you'd effectively have this

Would you? Consumer behavior seems to be to simply go to their default marketplace rather than to search the whole internet, so it ends up being a winner-take-all system where alternative marketplaces like eBay are almost irrelevant and Amazon charges whatever they like.

There are "natural monopolies", like with roads and power distribution networks, and I would argue it's turned out that online marketplaces have turned out to be another one, and we should modify our public policy to reflect that.

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Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power by ben0x539 on Tuesday September 26, 2023 @05:55PM (#37666297)
What's the recourse if the market isn't working correctly?
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Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power by drc500free on Tuesday September 26, 2023 @06:23PM (#37666578)
Currently, the FTC suing them. Eventually, some sort of breakup and strict rules about counterfeits and house brands.
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