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Economy

What Europe Gets All Wrong About Amazon

As the European Commission targets U.S. retail giant Amazon for alleged antitrust violations, David Barroux in French business daily Les Echos offers his own take.

Jeff Bezos' company offers an easy target
Jeff Bezos' company offers an easy target
David Barroux

Wouldn't it be better if Amazon didn't exist? At a time when Brussels is targeting the e-commerce giant for abusing its dominant market position, and when small retailers are demanding that the activity of this frightful American player be drastically restricted as long as their own shops remain shut by the second lockdown, Jeff Bezos' company offers an easy target.

However, we should not accuse Amazon of all evils. Like everyone else, the Seattle giant deserves to be prosecuted and convicted if it breaks the law. On the fiscal, social or commercial front, there is no reason to tolerate a company that evades taxes, plays around with the Labor Code, and practices a particular kind of unfair competition. There is a need for faster and tougher enforcement of existing laws. And, when we are faced with the emergence of a new player in the market, we should not be afraid to change the rules of the game.

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Lisa Berdet, Lila Paulou, Anne-Sophie Goninet and Bertrand Hauger

👋 Sveiki!*

Welcome to Thursday, where more Ukrainian soldiers surrender in Mariupol, Sri Lanka defaults on its debt,and George W. Bush offers an epic geopolitical gaffe. Meanwhile, Lili Bai in Chinese-language digital media The Initium looks at what’s driving the current “expat exodus” at play in Shanghai.

[*Latvian]

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