Statements
NextGen Competition Applauds FTC's Move to Promote Fair Competition in Online Retail Industry
FTC Sues Amazon for Illegally Protecting Monopoly in Online Retail
NextGen Competition, an advocate for fair competition and consumer rights, stands firmly in support of the Federal Trade Commission's (FTC) legal action against retail giant Amazon. Allegations presented by the FTC and 17 state attorneys general underscore the importance of ensuring that no single entity, regardless of its size or influence, is allowed to engage in anticompetitive business practices that harm consumers, stifle innovation, and restrict the ability of small businesses to thrive in the digital marketplace.
The following statement can be attributed to George Rakis, Executive Director for NextGen Competition (nextgencomp.tech):
NextGen Competition commends the FTC for its commitment to enforcing antitrust laws and safeguarding the principles of free and fair competition. This legal action sends a clear message that no company should be above the law, and that all market participants, regardless of their size, must adhere to the rules of fair competition.
Amazon is accused of blocking sellers from offering discounts on competing websites, biasing search results to favor its own products, and imposing high fees on sellers. Such behavior is enabled by the company’s dominant market position in e-commerce, which gives the company power over small competitors whose livelihoods depend on the platform. The allegations further demonstrate the pressing need to examine Amazon and other Big Tech companies’ practices that undermine fair competition and hinder consumer choice. The FTC's lawsuit against Amazon is a significant step toward fostering a more competitive and consumer-friendly online marketplace.
This lawsuit has the potential to benefit consumers, small businesses, and the broader online marketplace while deterring monopolistic practices. NexGen Competition looks forward to following the progress of this lawsuit and will continue to work toward fairness, competition, consumer protection, and worker safety in the digital sector.
About NextGen Competition
Our mission is to support a robust and competitive technology ecosystem by opposing anti-competitive business practices and promoting greater industry accountability. Specifically, we oppose consolidation in the industry that undermines worker protections and employer accountability, threatens data privacy and security, encourages market concentration, and limits consumer choice. NextGen Competition intends to work with a broad coalition of unions and public interest partners as it seeks to oppose anti-competitive business practices.