Amazon Is a Monopoly
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Amazon Is a Monopoly
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Re: Amazon Is a Monopoly
#2How we actually define a company to be a monopoly seems to be somewhat arbitrary? I agree that Amazon engages in anticompetitive behaviour but I'm not sure that it can control prices or exclude competition to that extent? I mean every company can affect that, at what point does it become problematic?
Re: Amazon Is a Monopoly
#3How we actually define a company to be a monopoly seems to be somewhat arbitrary? I agree that Amazon engages in anticompetitive behaviour but I'm not sure that it can control prices or exclude competition to that extent? I mean every company can affect that, at what point does it become problematic?
I agree that Amazon engages in anticompetitive behaviour but I'm not sure that it can control prices or exclude competition to that extent?
Has Amazon come up with a way to dominate markets without controlling prices or excluding competition? Right at this moment, my answer is, "maybe?"
Re: Amazon Is a Monopoly
#4And what about Alphabet?
Re: Amazon Is a Monopoly
#5For clarification: Monopolies can result from anti-competitive practices, or an overwhelming competitive advantage. Talking about the latter here
The 'anti-trust' and 'monopoly' arguments strike me as hypocritical and self-contradictory in the context of capitalism. We encourage businesses to compete and succeed, yet when they do so disproportionally, everyone suddenly feels entitled to intervene in their structure, policies & processes - and best of all, we have no objective guidelines or criteria for when this should happen.
The question then becomes: who gets to decide when to bring forth these concerns, and what's their agenda? Food for thought.
Re: Amazon Is a Monopoly
#6For clarification: Monopolies can result from anti-competitive practices, or an overwhelming competitive advantage. Talking about the latter here The 'anti-trust' and 'monopoly' arguments strike me as hypocritical and self-contradictory in the context of capitalism. We encourage businesses to compete and succeed, yet when they do so disproportionally, everyone suddenly feels entitled to intervene in their structure,…
I remember reading about an anti-trust case against Microsoft in the 90s since they included Microsoft Explorer with the OS. They were forced to separate the two, but Chromebook does the same thing without consequences. The rules for Antitrust keep changing and companies are integrating vertically and horizontally quickly before the law catches up.
Re: Amazon Is a Monopoly
#7How we actually define a company to be a monopoly seems to be somewhat arbitrary? I agree that Amazon engages in anticompetitive behaviour but I'm not sure that it can control prices or exclude competition to that extent? I mean every company can affect that, at what point does it become problematic?
I think we should call it hypercompetitive instead of anticompetitive.
Re: Amazon Is a Monopoly
#8For clarification: Monopolies can result from anti-competitive practices, or an overwhelming competitive advantage. Talking about the latter here The 'anti-trust' and 'monopoly' arguments strike me as hypocritical and self-contradictory in the context of capitalism. We encourage businesses to compete and succeed, yet when they do so disproportionally, everyone suddenly feels entitled to intervene in their structure,…
This is a strange take. Monopolies are decidedly anti-capitalist, stifling growth and competition. I'd recommend reading up on antitrust law origins as consumer abuse is common as well.
Re: Amazon Is a Monopoly
#9For clarification: Monopolies can result from anti-competitive practices, or an overwhelming competitive advantage. Talking about the latter here The 'anti-trust' and 'monopoly' arguments strike me as hypocritical and self-contradictory in the context of capitalism. We encourage businesses to compete and succeed, yet when they do so disproportionally, everyone suddenly feels entitled to intervene in their structure,…
There is substantial prior research into those questions, some of which made it all the way to law.
It's an interesting topic: https://en.wikipedia.org/wiki/Monopoly#Law
Re: Amazon Is a Monopoly
#10For clarification: Monopolies can result from anti-competitive practices, or an overwhelming competitive advantage. Talking about the latter here The 'anti-trust' and 'monopoly' arguments strike me as hypocritical and self-contradictory in the context of capitalism. We encourage businesses to compete and succeed, yet when they do so disproportionally, everyone suddenly feels entitled to intervene in their structure,…
In the 2000s, the US federal government used anti-trust to keep local and state governments from passing laws banning internet sales of products. If they hadn’t done this Amazon would have never has the success it has. It’s only fair that the government stops Amazon’s anti-competitive behavior as well. Big companies should compete with small companies and customers should choose the winner.