Google is already using the ranking system to promote certain websites over others, this would be just one more factor (and presumably it already is a factor of sorts, but with a different weight).
Even if AMP pages would render 1000 times as fast it wouldn't matter, it would still be an abuse of power. The relationship between a reader and the source of their content should not be mediated by Google. What point is there in HTTPS everywhere campaigns and such if Google MITMs every news article you read? What point is there for a content provider to even have a website if Google will end up serving the content?
This is simply bad, the only upside is the speed gain and that is one that could be sorted out by the market with a gentle nudge from Google rather than by some kind of monopolistic end-game on their part.
Even if AMP pages would render 1000 times as fast it wouldn't matter, it would still be an abuse of power. The relationship between a reader and the source of their content should not be mediated by Google. What point is there in HTTPS everywhere campaigns and such if Google MITMs every news article you read? What point is there for a content provider to even have a website if Google will end up serving the content?
This is simply bad, the only upside is the speed gain and that is one that could be sorted out by the market with a gentle nudge from Google rather than by some kind of monopolistic end-game on their part.