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choi baccarat(www.vng.app):New US small business coalition targets Amazon on antitrust

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,The group said the congressional investigation ‘found that Amazon has exploited its gatekeeper power over online shopping traffic to impose exorbitant fees, demand oppressive terms and extract valuable data from independent manufacturers and retailers that depend on its platform’. — AFP

WASHINGTON: A new coalition of small business groups on April 6 launched a campaign for tougher US antitrust enforcement, specifically calling for the breakup of online commerce titan Amazon.

The Small Business Rising group includes the American Booksellers Association, National Grocers Association and a number of local and regional business organisations.

The coalition website said its goal is to “stop tech monopolies, such as Amazon, from cornering the online market by breaking them up and regulating them”.

The move comes amid a growing backlash against large technology firms which have dominated key economic sectors and seen their influence grow during the pandemic.

The new small business group said it supported the conclusions of a recent US congressional report highlighting the power of tech platforms and calling for tougher antitrust enforcement and new legislation to make it easier to dismantle some firms.

“By restoring competitive markets, we can unlock the potential of Americans to grow successful businesses and build an economy that is more prosperous, equitable and innovative,” the group said.

It specifically named Amazon, saying the company’s “stranglehold over online commerce is one of the top threats facing independent businesses”.

The group said the congressional investigation “found that Amazon has exploited its gatekeeper power over online shopping traffic to impose exorbitant fees, demand oppressive terms and extract valuable data from independent manufacturers and retailers that depend on its platform”.

Amazon pushed back at the claim that it stifles competition, arguing in a statement that “self-serving critics are pushing misguided interventions in the free market that would kill off independent retailers and punish consumers”.

A company statement said that “Amazon empowered small and medium-sized businesses to generate hundreds of billions of dollars in sales last year, and their sales are growing significantly faster than Amazon's first-party sales”.

‘Not a level playing field’

Danny Caine, owner of the independent Raven Book Store in Lawrence, Kansas, said Amazon was “writing the rules of the game, and they’re playing the game at the same time”.

Caine supports moves by President Joe Biden’s administration to rein in the tech titans, and is hopeful that legislation can receive bipartisan support.

“It’s like, neither party particularly loves big tech monopolies. And so I see an opportunity there,” Caine told AFP.

According to Stacy Mitchell, co-director of the Institute for Local Self-Reliance, five years ago Amazon was taking an average of 19% of sellers’ revenue – an amount that has now risen to around 30%.

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