Post Reply 
The New Ida Tarbell - Lina Khan and the new Standard Oil - Amazon
09-09-2018, 08:54 AM
Post: #1
The New Ida Tarbell - Lina Khan and the new Standard Oil - Amazon
Ida Tarbell, the journalist whose investigation of Standard Oil helped bring about its breakup, wrote this about John D. Rockefeller in 1905:

“It takes time to crush men who are pursuing legitimate trade. But one of Mr. Rockefeller’s most impressive characteristics is patience. … He was like a general who, besieging a city surrounded by fortified hills, views from a balloon the whole great field, and sees how, this point taken, that must fall; this hill reached, that fort is commanded. And nothing was too small: the corner grocery in Browntown, the humble refining still on Oil Creek, the shortest private pipeline. Nothing, for little things grow.”

When Ms. Khan read that, she thought: Jeff Bezos.

In her Yale Law Journal paper, “Amazon’s Antitrust Paradox,” Lina Khan argued that monopoly regulators who focus on consumer prices are thinking too short-term. In Ms. Khan’s view, a company like Amazon — one that sells things, competes against others selling things, and owns the platform where the deals are done — has an inherent advantage that undermines fair competition.

Amazon’s Antitrust Antagonist

"So very difficult a matter is it to trace and find out the truth of anything by history." -- Plutarch
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 2 Guest(s)