Could The Big Antitrust Lawsuit End Amazon As We Know It?
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 27 September 2023
⏱️ 12 minutes
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Summary
The Federal Trade Commission and a bipartisan group of state attorneys general say that Amazon is a monopolist that chokes competitors and raises costs for both sellers and shoppers.
Lina Khan, the head of the Federal Trade Commission, has spent years arguing that a few big companies have too much control over corporate America. The new lawsuit against Amazon is the biggest test of these arguments yet.
NPR's Ari Shapiro talks to FTC Chair Lina Khan, the driving force behind the case.
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Transcript
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| 0:24.6 | This week, the Federal Trade Commission effectively declared war |
| 0:28.4 | on one of the biggest companies in the world. |
| 0:31.7 | The FTC expected to file that year's long investigation into Amazon's online marketplace. |
| 0:37.3 | There's highly anticipated loss who claims the retail giant has an illegal monopoly. |
| 0:42.0 | Just because Amazon is great and in many ways wonderful and convenient doesn't mean Amazon |
| 0:49.0 | can break the law. 30th general from Connecticut, New Hampshire, Rhode Island, New York, and |
| 0:53.6 | along with 17 states, the FTC accused Amazon of using its monopoly to choke competitors |
| 1:00.0 | and harm consumers. We'll note that Amazon is among NPR's financial supporters |
| 1:04.6 | and pays to distribute some of our content, but we cover it like any other company. |
| 1:08.4 | Amazon's conduct causes online shoppers to face artificially high prices even when |
| 1:14.7 | they're shopping somewhere other than Amazon. |
| 1:17.1 | FTC Cherlina Khan has been a driving force behind this case, and she's had Amazon in her sites |
| 1:23.1 | for years. As a Yale law student back in 2017, Con wrote a paper arguing that antitrust laws had |
| 1:29.4 | failed to keep Amazon in check. That academic paper went viral. She wrote that it was as if |
| 1:36.6 | Jeff Bezos had charted the company's growth by drawing a map of antitrust laws and then |
| 1:42.5 | devising routes to smoothly bypass them in her words. Ryan Tracy is a tech policy reporter for |
| 1:48.6 | the Wall Street Journal. The argument was that antitrust had started to focus kind of |
| 1:54.4 | myopically in her view on low consumer prices, which are obviously a good thing, but her argument was |
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