Stacy Mitchell’s Statement on the EU’s Antitrust Charges Against Amazon

Date: 11 Jun 2020 | posted in: Press Release | 0 Facebooktwitterredditmail

ILSR Co-Director Stacy Mitchell released the following statement regarding the news that the European Union will file antitrust charges against Amazon due to the company’s treatment of third-party sellers:

“There’s a growing consensus that Amazon’s monopoly power is a serious problem. This news is more evidence that this consensus is gathering steam.

The worry I have is that the EU won’t solve the underlying issue, which is structural in nature. The EU’s process is long and may lead only to a fine rather than a restructuring of Amazon. With Amazon taking advantage of the pandemic to further consolidate its grip on commerce, Congress needs to move quickly to wrap up its Big Tech investigation and develop legislation that can restore competition and safeguard the economy.”

See more of ILSR’s work on Amazon here.

 

Photo credit: iStock.com/artJazz

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Follow Stacy Mitchell:
Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance and directs its Independent Business Initiative, which produces research and designs policy to counter concentrated corporate power and strengthen local economies.

Jess Del Fiacco
Follow Jess Del Fiacco:
Jess Del Fiacco

Jessica Del Fiacco is the Institute for Local Self-Reliance’s Communications Manager. She works closely with all of our initiatives to build community power and combat monopolies, and she runs ILSR’s social media networks on Facebook, LinkedIn, and Twitter. Jessica also produces the Institute’s Building Local Power podcast. Contact Jessica for media inquiries.

Follow Stacy Mitchell:
Stacy Mitchell is co-director of the Institute for Local Self-Reliance and directs its Independent Business Initiative, which produces research and designs policy to counter concentrated corporate power and strengthen local economies.