Originally published at: Federal Trade Commission sues Amazon: made $1bn by manipulating prices, abused monopoly power | Boing Boing
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Isn’t this the basic mode of operation for large companies?
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Jeff Bezos’s reaction to the fine.
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I’m looking forward to the Washington Post’s coverage of these machinations.
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I was going to say - do the airlines next!
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“Abused monopoly power”. . . ?
[ETA: it’s like saying “the dictator abused his powers”-- no, it’s not abuse, that’s how it works.]
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I think this is the FTC finally saying “it shouldn’t be”…
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Monopoly? I thought I had heard Amazon described as a monopsony.
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Well, DUH.
Since the rise of the Reaganoids (© - 
), monopolies have been tacitly encouraged, since they rake in big bucks for the Filthy Rich and grow the First Church of Capitalism and the Second Church of Hypocrisy. You know, the ones that prop up the Christian nationalist religion and that evades paying taxes.
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Which is a good thing, but it would be even better to say “that’s why we don’t allow monopolies”.
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As one of the largest Duneheads in the world, I would pay cash money for that mug.
Lots of cash money.
Forget not AWS (Amazon Web Services).
We control that, too.
Alas the only acceptable currency is spice melange
Fair enough. Have to get to Arrakis first then.
We’re all on some AWS server or other right now!
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the simulation does not run itself.
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