Amazon banned the sale of Apple TV or Google’s Chromecast units on its site. The announcement triggered a deluge of criticism, including calls by some to investigate whether the decision violates antitrust laws. But these calls are misguided. Amazon’s new strategy likely falls in the “unwise but not illegal” category. Consumers can – and likely will – make their displeasure known through market behavior, without the need for a regulator to help Amazon get the message.
blind men and the elephant. Vocal stakeholders in this issue – from politicians, to consumer and labor advocates, to industry representatives, to the participants themselves – have fervent and deep-seated beliefs as to what the sharing economy is and how it should, or shouldn’t, be regulated. Their accounts differ greatly, and yet most are confident their version of the story is correct. In truth, they’re all a little bit right – and also a little wrong. At the moment, it would benefit each of these stakeholders to keep an open mind.
an event AEI will host next Tuesday, October 6, at our headquarters in DC.