Quote:
Originally Posted by Maggie Leung
I figure businesses are best able to figure out what they "should" do, given that they know their own resources, limitations and priorities. If they can't manage that, the marketplace will take care of them.
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Maggie, that makes a lot of sense in theory, but I get the impression that there are many here at MR who disagree that the real world works like that.
Specifically, I think many challenge the proposal that the big publishers are run by competent managers. I define competent as being good in the book business, not merely maximizing shareholders' short term profits.
And second, I think that many believe that the marketplace will not dispose of the bad managers because the government with its enforcement of copyrights laws will protect them.