FTC Chair on Amazon Lawsuit, Restoring Competition 

Lets hurt the consumer to level the playing field? I thought we wanted competition so that the consumer benefits?

You're missing the point of this lawsuit. This isn't about handicapping Amazon's scale for the sake of equality. That sounds like something out of Harrison Bergeron. This is about stopping alleged malpractice. Offering good services is not immoral. But stifling independent businesses for trying to offer better services? THAT is intentionally harmful to consumer welfare, and THAT is immoral.

Backwards bub

Calling that as antitrust is a joke. Which law prevents a seller to leave? Or at least selling other stuffs thar Amazon would not troll the price lower ? Why you're so inclined on an arbitrary joke like silly woke not getting her woke toy?

"Forgetting where you came from" is not a good reason to be sued and robbed of your hard earned work. Antitrust law needs to be repealed, it serves the less efficient competition and always harms the consumer.

That easy to say unless you have a business you have worked hard for sense the 90's and the govt wants to attack just cause you are successful..and do better than your peers at ecommerce. Not to mention the longer Amazon has its business the more it will be copied so they have to do as much as they need to to stay on top. I don't think people get that part. You stay on top because you keep evolving. If they didn't they'd be swallowed up by their competition. The people behind this lawsuit don't understand business and competition that's all.

@@dmoalem1 Remember the oil crisis in the 70s? That happened because the Middle East had (and still has) a large marketshare on oil production, and they got pissed at the United States because of some stupid international politics, and they decided to reduce exports because they could. So the US had to scramble to other sources to get oil, but those other sources were more expensive and that led to jacking up oil prices. This was only possible because there is nothing to stop the Middle East from dominating the globe through oil exports. Like the Middle East, we have no guarantee that Amazon will always do good, and when you say "antitrust law needs to be repealed" that means if Amazon one day decides to participate in malpractice, the only response we have is to boycott Amazon. But are we the people prepared to boycott Amazon?

Just typical woke response.. at best.. Boomer??

Is it not a bad idea but almost nothing is manufactured here.

I think the best chance the FTC has of winning is going with the "vertical integration" route, but even those chances are slim. I want to see more evidence of these alleged malpractices before making up my mind.

@@youtubeviolatedme7123 the biggest problem with her argument is that she’s acting like sellers don’t have similar options - eBay, Shopify, Walmart marketplace etc. Seller had a choice and they chose Amazon because they built a better mousetrap.

@@PrinceOfHavendale Exactly why I want to see what evidence they have. Maybe they have some classified research on why using those other platforms is unprofitable, I don't know. I just have a hard time believing that the FTC could be so shamelessly chasing frivolous lawsuits without some sort of hope they would win.

@@PrinceOfHavendale That might have been true at one point...but when Amazon reaches the point where they control 70+% of the online marketplace, it doesn't really leave sellers with many options.

@@WoobaOne what is the role of the ftc? If consumers are given a choice and they still use Amazon it’s not Amazon’s duty to their degrade services to allow competitors to catch up. Amazon’s share of e-commerce is under 40%, to put that in perspective, McDonald’s controls over 40% of the fast food market. Do we need to remove french fries from McDonald’s so Burger King can better compete? And is that the role of the ftc?

She goes after the largest and most relevant industries because they are most capable (and likely) to commit oligarchical and monopolistic actions that harm the consumer, country, and our int’l brand. Like, she’s doing her job, bro. Not sorry not sorry you’re mad about it 🤷

@@katysmith5506 the only thing I can be mad about is she’s wasting tax payers money on a deal she can’t win. How is Microsoft harming consumers. If the FTC can’t come up with a reasonable answer I doubt you can

​@@katysmith5506lol your defending someone 0-4 must like loser records

That’s my biggest concern is money being used for these suits. It’s a machine. They need to sue to gain money it gets split between multiple parties. Typically minority to ftc the ftc is in charge of reaching the masses (us) via ads lets say. To then pay out people who are affected negatively due to these corporations practices. But I don’t think anyone is saying Amazon is hurting them while being consumers/customers of Amazon. I hate Amazon for personal reasons but almost everyone I speak to loves them. Not going to lie the prices are great. So yeah Amazon might threaten other corporations like let’s say Walmart. But in large part it’s already pushed retailers to offer more flexible return policies. So what’s actually going on here?

What if the prices could be even lower? What if the selection could be even wider? That's what the FTC is suggesting. They don't want to stop Amazon at the cost of consumers. What they're saying is that Amazon isn't doing ENOUGH for consumer welfare.

​youtubeviolatedme7123 Wrong. Amazon is the broker NOT just a selling operator!! Sure FTC can demand Southwest for strings of canceled flight. But THAT IS VERY DIFFERENT CASE. This chic wrote a paper during Yale semesters, perhaps still broke and unhappy and she said she brought up that colleague obsession 😂

​@@ssuwandi3240 If you're implying that businesses don't need to use Amazon's services to be profitable, and therefore their actions are not predatory, then I agree with you on that. I've also been very unimpressed by Lina Khan's paper (a bunch of fear-mongering to me). I'm not even convinced that the FTC's allegations which I outlined in my original comment is true. However, I simply represented them as charitably as possible so that the individual I was responding to understands that the FTC is not run by mustache twirling villains trying to harm consumers, rather they are being ran by idiots who probably don't have actual evidence to back up their claims: or else they would have probably made that evidence public by now.

​@@youtubeviolatedme7123Yes but will the deliveries be faster?