The story of US-based small and not so small business put out of business by Amazon copying their product itself or pushing made in China Fakes is not universally known.
An article published by “The Wall Street Journal” describes one aspect of the well known Giant. As the article states: “Amazon Has Ceded Control of Its Site. The Result: Thousands of Banned, Unsafe or Mislabeled Products”
The most Amazon-Amazing fact is that such a giant can exist despite our antitrust (another Paperweight) laws.
To ensure its market dominance not only engaged in direct theft of intellectual property of others but also joined its resources with other Big Tech companies to successfully push the 2011 Legislation “Reforming” our patent laws. The first Success of the “2011 Leahy–Smith America Invents Act” was a 50% average drop in US patents’ value. Now 10 years later, we deal with several problems. There is no problem with IP (Intelectual Property) theft because patent issued by USPTO has no value, and it may be freely taken by competition from startup or individual inventor without any consequences thanks to the “Efficient Infringement” doctrine telling them that it is cheaper to steal than to pay licensing fees to the inventor. The cost of any patent-related lawsuit in the US is in millions what rarely any inventor or startup can afford. Plus, if the inventor misbehaves, the new USPTO arm PTAB, known as “Patent Death Squad,” will invalidate His/her Patent. ( 84% chance). It leads to a situation where the Patent owner is often forced to pay ransom to an entity applying to invalidate his/her patent. Entities hunting for patents with juicy infringement awards. Also, several Supreme Court decisions subsequently weakened the position of the Patent owner.
Thanks to such an arrangement, Big Tech has guaranteed no competition Market.
Shame on us.
