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by johnm111888 4265 days ago
I disagree completely. Amazon is successful through legal means. What do you want to do? Government punishing them for being too successful? As long as there isn't regulation that prohibits market entrants --a big reason for monopolies in the late 19th and early 20th century -- I don't see exactly what someone would suggest to do. The free market is a cumulation of mutually beneficial exchanges-- its a volunteer economy. Amazon's not forcing anyone to do anything. Publisher's do business with Amazon because it benefits them. They could easily stick with Barnes and Noble. Capitalism is by no means perfect but it's the best way to distribute capital. It's the only economic system that's brought masses of people out of poverty. For someone to say government should step in and set pricings!? Force Amazon to breakup?! Government knows better than anyone else? They know the market better than the participants? Who are these people in this all-knowing government? I'd like to meet them.

What industry does Amazon have monopolized anyway? 41% on new books? cool. their cheaper prices on books benefit all of americans more than it hurts the handful of publishers. Fact is monopolies are defined by if they set higher prices than would-be in a perfect competition industry. As long as prices are low -- it signals they have competition-- so don't come at me talking about how big of a monopoly they are.