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Old 03-08-2012, 09:18 PM   #40
SteveEisenberg
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Join Date: Jun 2008
Location: near Philadelphia USA
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Quote:
Originally Posted by FizzyWater View Post
If they're really worried about Amazon taking over the world, can't they get them for having a monolopy or something?
There's nothing illegal about trying to get a monopoly. Now, once you have a monopoly, you are likely to be a legal target, but that problem isn't one Amazon currently has.

As for your phrase "Amazon taking over the world," it seems to me too dismissive of the near-certainty that Amazon does act the way a company acts when it seeks a monopoly it does not yet have. Consider this fact:

Prior to agency pricing, Amazon often sold best-selling digital books for less than it paid for them

There's no explanation for Amazon selling lots of books at a loss than that they were trying to put financially weaker competitors out of business.

If you think this is paranoia, I suggest reading The First Tycoon: The Epic Life of Cornelius Vanderbilt* You'll see how, over and over, Vanderbilt and his competitors tried to put each other out of business by pricing below cost, and then jacked up prices when they succeeded. I don't think that human nature has changed here between the steamboat and internet eras.

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Last edited by SteveEisenberg; 03-08-2012 at 09:26 PM.
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