FTC: Amazon "extracts enormous monopoly rents from everyone within its reach."

FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::FTC: Amazon “extracts enormous monopoly rents from everyone within its reach.”

    • wagoner@infosec.pub
      English
      291·
      9 months ago

      If 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.

    • elephantium@lemmy.world
      English
      3·
      9 months ago

      banks

      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.

      • jackalope@lemmy.mlEnglish
        31·
        9 months ago

        Monopoly as used by professional economists doesn’t refer to a literal 100% marketshare. It refers to distortion.