California Is Suing Amazon, Alleging the Company Violates Antitrust Laws
TimeAPR 2022
The backlash against big tech companies is ratcheting up, and this lawsuit might have the teeth to do damage to Amazon. California has stricter laws about unfair competition and other anti-trust violating practices than the federal government. A victory in California could set the tone for other states to pass similar laws.
This antitrust lawsuit against Amazon is part of a broader political campaign to punish tech giants for their success and to expand the power of government bureaucrats. Yes, the market isn't perfect, but it's not a coincidence that these companies have prospered while operating in a loosely regulated sector.