Episode 005: The World Has Changed
Exponent
00:00
Is Amazon in the Wrong?
In the new world on the internet, the markets behave in a much more winner-take-all fashion. So this raises the question of, does Amazon have some sort of responsibility here? Or is Amazon in the wrong? And if they are, is it because they are the beneficiary of a network effect and so that in and of itself grants some kind of responsibility? That's interesting. I mean, the direction we're taking this conversation would almost suggest that the way you need to think about antitrust changes. It might be worth considering whether antitrust needs to take account of network effects.
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