The Business Times
business-time-50

Amazon is the apex predator of our platform era

Why Lina Khan and the FTC must prevail in their long-awaited lawsuit against Amazon

google-preferred-sourceAdd BT as a preferred source
    • Amazon gets the consumer coming and going, providing worse goods at higher prices while receiving vast sums in subsidies from state and local governments.
    • Amazon gets the consumer coming and going, providing worse goods at higher prices while receiving vast sums in subsidies from state and local governments. PHOTO: REUTERS

    Cory Doctorow

    Published Thu, Sep 28, 2023 · 12:15 PM

    THE US Federal Trade Commission’s (FTC) chair, Lina Khan, has brought her long-awaited, audacious case against Amazon, signalling the Biden administration’s determination to restore an approach to competition law that has been in decline since the Carter administration.

    This will doubtless draw fresh criticism about her supposed overreach. But Amazon is precisely the kind of company that Congress had in mind in enacting America’s many antitrust laws.

    Only more so: The Congress of 1890, which passed the first of those laws, could never have imagined the world we now inhabit.

    AmazonantitrustE-commerce

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    US Secretary of State Marco Rubio (far left) and Treasury Secretary Scott Bessent listening as President Donald Trump (centre) speaks to the media on the sidelines of a Nato summit in Ankara, July 8, 2026.

    A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process

    President Trump’s U-turn illustrated the bind he was in, as hostilities with Iran resume and Teheran refuses to loosen its grip on the crucial waterway.

    Trump shelves 20% fee for Hormuz cargo after Gulf pressure

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More