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Old 07-18-2022, 01:32 PM   #1498
sebastian_dangerfield
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Re: Implanting Bill Gates's Micro-chips In Brains For Over 20 Years!

Quote:
Pray tell, which competitors has Amazon killed?
The list of businesses it has killed by engaging in the practices I noted above in response to Adder would go on forever.

Quote:
In your vision of antitrust, the government decides what is a "fair" price?
No. But the govt can intervene where WalMart is throwing around its immense weight to force suppliers to sell to it at prices that will put them out of business, thereby creating a market in which only a handful of manufacturers and wholesalers who grow large enough to be able to sell to them in volume at such low prices, or have somehow diversified their pools of buyers enough to offset the thin margins provided by WalMart with reasonable profits from other purchasers, can survive.

WalMart's lovely folks in Bentonville offer, after making people wait for hours in its shitty corporate office, the following:
This is what we'll pay, and you can take it or leave it. And if you leave it, good luck finding someone else who'll buy as much from you as we do.
Again, that is technically, in the weakest sense, defensible as competition. (A situation in which "competition" ceases to have any real meaning.) But it's a competition in which WalMart is admitting it is a monopsony. And it uses its profits, accrued in large part from its purchasing power, to put competition out of business, which, wait for it... increases its monopsony. And so it goes...

Maybe that's not a black and white classic antitrust issue, but it's definitely anti-competitive in the fairest plain reading of that term.
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Last edited by sebastian_dangerfield; 07-18-2022 at 01:35 PM..
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