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submitted 9 months ago by [email protected] to c/[email protected]

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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[-] [email protected] 23 points 9 months ago

Pff…. Now do the banks, cable companies, health care, etc.

[-] [email protected] 28 points 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.

[-] [email protected] 3 points 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.

[-] [email protected] 2 points 9 months ago

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

[-] [email protected] 1 points 9 months ago

FCC burns ISP's butts

this post was submitted on 27 Sep 2023
919 points (99.1% liked)

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