An amazing article about Amazon and the inadequacy of our anti-trust laws

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This very long note from the Yale Law Review clearly explains how Amazon’s policies are routing their competition through a series of actions never foreseen when our anti-trsut laws were written. While it’s 25,000 words, it’s worth skimming to some of the amazing examples the author precisely lays out. One example is how Amazon hosts 3rd party stores to sell their products, analyzes what products are successful, and then offers those products themselves at lower prices.

From the Washington Post:

Earlier this year, the Yale Law Journal published a 24,000-word “note” by Khan titled “Amazon’s Antitrust Paradox.” The article laid out with remarkable clarity and sophistication why American antitrust law has evolved to the point that it is no longer equipped to deal with tech giants such as Amazon.com, which has made itself as essential to commerce in the 21st century as the railroads, telephone systems and computer hardware makers were in the 20th.

It’s not just Amazon, however, that animates concerns about competition and market power, and Khan is not the only one who is worrying. The same issues lie behind the European Union’s recent $2.7 billion fine against Google for favoring its own services in the search results it presents to its users. They are also at the heart of the long-running battle in the telecom industry over net neutrality and the ability of cable companies and Internet service providers to give favorable treatment to their own content. They are implicated in complaints that Facebook has aided the rise of “fake news” while draining readers and revenue from legitimate news media. They even emerge in debates over the corrupting role of corporate money in politics, the decline in entrepreneurship, the slowdown in corporate investment and the rise of income inequality.

by Phil Baker

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