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
    51·
    9 months ago

    Allow it to take its course.

    “The lawsuit seeks declarations that Amazon’s conduct violates federal and state laws. It asks for an injunction prohibiting the conduct described in the lawsuit along with unspecified “structural relief” that would be “necessary to redress and prevent recurrence of Amazon’s violations of the law.” Structural relief could involve breaking up the company.”

    • WilliamTheWicked@lemmy.worldEnglish
      31·
      9 months ago

      Were you around in 1989 when Exxon basically destroyed Prince William Sound with an iceberged oil tanker through a comically evil set of circumstances including a possibly drunken captain, faulty equipment which languished for months, promised equipment that was never installed, and a total lack of planning for contingency? They dumped like 11 million gallons of oil and were assigned massive punitive damages of 5 billion bucks?

      …and then it got appealed all the way to the supreme court, where it got busted down to 500 million spread over a time which actually allowed them to see profitability for causing one of the largest ecological disasters in history.

      I don’t mean to sound jaded, and I truly appreciate your optimism. But the deck is no less stacked thirty years later and our political system is still bought and paid for. Let’s roll the dice and hope you come out on top of this one, friend. I’ll cheer alongside you.

      • wagoner@infosec.pub
        English
        21·
        9 months ago

        I’m not necessarily optimistic about any outcome. I just don’t believe in shooting down something as potentially groundbreaking as this before it’s even started.