Report: Amazon an EU monopoly

The EU is investigating Amazon's use of its anticompetitive practices in advertising.

Amazon carries out auctions for ad space, and charges web sites for that. It also represents the bidders for the space, and charges them for that. Independent sellers are effectively compelled to use Amazon. So it has to be broken up.

However, laws that require proof of specific abuses before breaking up a giant company are too weak. Simply being so big as to have power over a market is ipso facto too big.

See also my proposal for a progressive tax on a corporation's gross income.