This has the appearance of a phony government intervention! Caveat: I am not familiar with the details of this new case.
FTC Chair Lina Khan (age 34) seems obsessed or has an Amazon complex! In 2017, she wrote this article for the Yale Law Journal: Amazon’s Antitrust Paradox. First sentence of the abstract: "Amazon is the titan of twenty-first century commerce.". Does she want to be a titan slayer?
In 2017, she wrote an opinion piece for the New York Times titled "Amazon Bites Off Even More Monopoly Power".
In a free market economy, let the market and competition deal with Amazon. See for example Temu or Walmart etc.? On the face, these allegations are absurd, anyone can open the next Amazon on the Internet.
"The Federal Trade Commission and 17 state attorneys general sued Amazon on Tuesday for allegedly using its power as a monopoly to illegally block competition and inflate prices. ..."
"The Federal Trade Commission and 17 state attorneys general today sued Amazon.com, Inc. alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power. The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon.
The complaint alleges that Amazon violates the law not because it is big, but because it engages in a course of exclusionary conduct that prevents current competitors from growing and new competitors from emerging. By stifling competition on price, product selection, quality, and by preventing its current or future rivals from attracting a critical mass of shoppers and sellers, Amazon ensures that no current or future rival can threaten its dominance. ..."
FTC Sues Amazon for Illegally Maintaining Monopoly Power Amazon’s ongoing pattern of illegal conduct blocks competition, allowing it to wield monopoly power to inflate prices, degrade quality, and stifle innovation for consumers and businesses
FTC Chair Khan, a titan slayer
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