Online marketplaces seem to functioning about we as well as anything I can think of. How about you prosecute the individuals smoking fentanyl on the streets, the shoplifters, and the homeless trashing every corner and crevice of major cities.
If you've ever seen those "Click To Reveal Price" or "Price Only Revealed At Checkout" products online, this here is one reason why. They help businesses keep discounted prices hidden from Amazon's crawlers.
We need all new antitrust laws. The size of these companies is itself a problem. They have so much power that there is no possibility for fair competition. Maybe we can start by taxing companies that are worth more than 1 trillion at an extremely high rate.
That's fascinating. Bork was denied being on the supreme court but his ideas shaped current antitrust laws. It feels a bit like the old Standard Oil argument: It's ok to have a huge market share so long as pricing for goods gets cheaper even if it hurts competition overall. *edited* for grammar.
Online marketplaces seem to functioning about we as well as anything I can think of. How about you prosecute the individuals smoking fentanyl on the streets, the shoplifters, and the homeless trashing every corner and crevice of major cities.
At this point, Antitrust law is no longer the right statute for prosecution.
RICO is.
https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corru...
Seems like that's just for protesters.
Anything trying to protect consumer rights at the federal level risks getting shut down during a future Republican administration.
If you've ever seen those "Click To Reveal Price" or "Price Only Revealed At Checkout" products online, this here is one reason why. They help businesses keep discounted prices hidden from Amazon's crawlers.
We need all new antitrust laws. The size of these companies is itself a problem. They have so much power that there is no possibility for fair competition. Maybe we can start by taxing companies that are worth more than 1 trillion at an extremely high rate.
Amazon would be smart to settle with no admission of wrongdoing and an agreement to seal documents lest every other state end up following suit.
The documents can be subpoenaed for a new proceeding from the source.
Unsurprising
Did Amazon think they were too big to convict?
I wonder if they will meet the fate of Standard Oil, back in the day.
No, Antitrust law was effectively neutered by the Chicago School and their agent Robert Bork.
https://www.theamericanconservative.com/robert-borks-america...
(BTW that source is right-wing and can hardly be said to be biased against Bork).
That's fascinating. Bork was denied being on the supreme court but his ideas shaped current antitrust laws. It feels a bit like the old Standard Oil argument: It's ok to have a huge market share so long as pricing for goods gets cheaper even if it hurts competition overall. *edited* for grammar.