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.”

  • WilliamTheWicked@lemmy.worldEnglish
    13412·
    1 year ago

    …can we just skip to the part where Amazon pays less than a fractional percent of their profit in fines and then proceeds with business as usual? I just feel like the charade has grown tiresome at this point.

    • Clent@lemmy.worldEnglish
      1091·
      1 year ago

      You sound jaded.

      Don’t let the billionaires wear down the will to fight.

    • chonglibloodsport@lemmy.caEnglish
      781·
      1 year ago

      You must’ve missed the part where Lina Khan built her entire career and reputation on an article she wrote for the Yale Law Journal as a law student arguing that Amazon should be split into separate companies and prevented from re-integrating.

      She is considered a radical within the antitrust law world. She is vigorously opposed to vertically integrated monopolies of which Amazon is a star example. This case against Amazon is basically the final boss of her career and her legal movement, the New Brandeis Movement.

      • JustEnoughDucks@feddit.nlEnglish
        414·
        1 year ago

        And then when this gets big it will be decided on by partison 90 year old idiots who will probably and up saying “amazon is 100% in the right on all counts, as damages to their reputation, amazon now owns the FTC” and then it is promptly found out that amazon paid them $10 million each with a comically large check in front of the courthouse at a press conference while taking photos and laughing “about those darned poor people” and the ruling will still stand.

    • WhiskyTangoFoxtrot@lemmy.worldEnglish
      91·
      1 year ago

      Ah well, better not try then. Guess we just have to learn to like the taste of corporate boot.

      Maybe some more wanking about some glorious revolution that will never happen will make that boot taste better.

    • Mog_fanatic@lemmy.worldEnglish
      4·
      1 year ago

      I feel the exact same way with celebrities or the uber wealthy and criminal trials. Just skip to the part where they pay .000000001% of their net worth n fines or bail or whatever and get off scot free.

        • Mog_fanatic@lemmy.worldEnglish
          2·
          1 year ago

          I’m not saying don’t try. I’m just saying stop telling everyone “This is it! This is gonna be the one!” And then absolutely nothing happens.

          Don’t tell me what is gonna happen. You can go ahead and let me know if anything does actually happen. I’m just so sick of hearing the same old “we got em now” story and then absolutely nothing happens

    • wagoner@infosec.pubEnglish
      41·
      1 year 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.”