- cross-posted to:
- globalnews@lemmy.zip
- cross-posted to:
- globalnews@lemmy.zip
FTC files “the big one,” a lawsuit alleging Amazon illegally maintains monopoly::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.”
Pff…. Now do the banks, cable companies, health care, etc.
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.
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Thse are just government employees. They dont have an unlimited staff count to deal with everything at once. Its unrealistic.
Not a monopoly though?
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.
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.
Monopoly as used by professional economists doesn’t refer to a literal 100% marketshare. It refers to distortion.
FCC burns ISP’s butts