Comment on Amazon's Monopoly of the tech industry is ruining the US economy
crashfrog@sopuli.xyz 5 days ago
You’re listing all of the reasons it’s not a monopoly - you can go almost anywhere else and buy the same good.
Therefore, I think Amazon has a literal monopoly in the tech industry right now, you’re literally forced to buy from them
You literally weren’t and literally aren’t, so they’re literally not.
They have so aggressively and dominantly taken over the supply chain market that no other tech company can currently compete with them in any aspect at all.
If nobody was in competition with them, they’d be raising their prices.
Nastybutler@lemmy.world 5 days ago
Boy, do I have some bad news for you…
nbcnews.com/…/amazon-used-algorithm-essentially-r…
crashfrog@sopuli.xyz 5 days ago
“Essentially” is the load-bearing weasel word here that allows this story to blame Amazon for their competitors choosing to offer the same goods at higher prices.
TheGalacticVoid@lemm.ee 5 days ago
“Competitors choosing” is usually considered to be price fixing, which is anti-competitive and/or monopolistic. Amazon et al aren’t the only US companies guilty of this or other anti-competitive behaviors, even if they’re a notable example.
crashfrog@sopuli.xyz 5 days ago
No? It isn’t?
Where do you think prices come from?
How is this anti-competitive?
hedgehog@ttrpg.network 5 days ago
This article literally proves their point. When Amazon doesn’t need to compete (because other sites are indexing off their prices) they raise their prices. When they do need to compete (like in the examples OP mentioned) they keep their prices low.