Quote:
Originally Posted by BearMountainBooks
... the thought occurs that if you control the market, you control the market.
Amazon hasn't destroyed the book market; they've made it more interesting, easier to get books, faster to get books out and better.
For now. It's the "for later" part that I'm keeping my eye on.
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You and the Feds both. They've made that pretty clear and Amazon is painfully aware of it.
People keep forgetting that it is *not* illegal to acquire a dominant market position or even an outright monopoly. (And again: market share is usually a poor metric of market domination.) What *is* illegal is to abuse dominant market power to the detriment of *consumers*.
Suppliers and competitors are *not* directly protected by US antitrust law, but rather only indirectly, to the extent that their continued participation benefits consumers.
And since antitrust law is *reactive* not proactive, Amazon is legally above reproach until they actually do harm to consumers. Which is why all the anti-Amazon whining achieves nothing.