FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly
FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly
FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."
![FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly](https://lemmy.world/pictrs/image/06a06594-3c7a-4394-bc8b-6f4befd29c66.jpeg?format=webp&thumbnail=256)
FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."
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Pff…. Now do the banks, cable companies, health care, etc.
28 0 ReplyIf they did the banks, you'd say Pff, now do Amazon. Let's value what we have and hope to build on it, rather than dismiss it as not enough.
29 0 Replybanks
Not a monopoly though?
cable companies
Agreed on this one! In theory, there are lots of cable companies.
In practice, you actually only have one cable provider that provides service in your area.
health care
Also not a monopoly in my area.
Don't get me wrong, I don't mean to defend any of the abusive practices of any of these industries. It's just that they're not monopolies.
3 0 ReplyMonopoly as used by professional economists doesn't refer to a literal 100% marketshare. It refers to distortion.
3 0 Reply
FCC burns ISP's butts
1 0 Reply