Quote:
Originally Posted by HarryT
The textbook example is "Standard Oil" in the US in the late 19th and early 20th century. It did precisely that until it was forcibly broken up by the US Supreme Court in 1911. It was the business practices of Standard Oil which led to the introduction of anti-trust legislation in the US.
In the process, it made John D. Rockefeller the richest man in the world.
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You're saying that Rockefeller got rich by selling a product at a price that no-one could afford to buy?
Just teasing, actually, but you get my drift; if no-one can afford it... no profits can be realized. Especially luxury-type items.
I was hoping for some examples under the current anti-trust laws—since that's what Amazon would be bound by.