(lunacy receipts, media edition) https://www.nytimes.com/2019/02/06/opinion/abolish-billionaires-tax.html …
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the big question here is whether anyone will argue amazon is hurting consumers, the current standard for antitrust action, or if the left will try to normalize the notion large fortunes should simply be illegal, as ocasio and her media henchmen now openly discusshttps://twitter.com/Techmeme/status/1135046268181463040 …
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This is a fun read on different cases against Amazon. https://www.yalelawjournal.org/pdf/e.710.Khan.805_zuvfyyeh.pdf …
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Curious how any of this makes sense in the middle of a trade war with China and in the face of an EU actively punishing US firms for their dominance. Such an own goal.
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There is an enourmous gap between the current standard and 'no more billionaires' - big enough you can pilot a vanity yacht through. Antitrust has currently swung very far to the 'corporate' side, in response to the perverse way it was being used to protect incumbents in the 70s
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I think there is some good room to come up with intelligent antitrust law w.r.t. companies that both own the platform and the products that sell. Amazon for ex gets to see everthing on the marketplace - can emulate hot sellers with no first mover risk. Should pick product or plat
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