Simply saying ‘no’ to its headquarters isn’t enough – Amazon should be investigated for abusing monopoly power
This week, Amazon abandoned a plan to open a second “headquarters” in New York City, after citizens rebelled against the idea of paying almost $3bn in subsidies and tax incentives to one of the world’s biggest corporations. But simply saying “no” to Amazon’s coercive terms is not enough. New York citizens should now demand that the state’s Attorney General Tish James begin investigating the corporation for abusing its power as a monopoly.
One reason the idea of subsidizing Amazon with New York city and state tax monies was so galling is that the corporation is already extracting so much wealth from the region. Amazon for more than a decade has steadily battered the American book publishing industry, which is largely based in New York, and which employs tens of thousands of residents. The corporation has done so through thuggish negotiating tactics, including simply refusing to sell a publisher’s inventory unless they agreed to a detailed list of concessions.
Continue reading...from The Guardian http://bit.ly/2GuoBe8
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