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Old 04-08-2012, 09:47 AM   #70
fjtorres
Grand Sorcerer
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Quote:
Originally Posted by BearMountainBooks View Post
... 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.
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.

Last edited by fjtorres; 04-08-2012 at 09:50 AM.
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