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Interesting topic. I personally haven’t done the VPN thing for eBooks, but I would consider it if I couldn't get a book I really wished to read. Price I'm a little less sensitive to (within reason - the 25x more expensive in the OP is 'a lot').
I tend to feel similar to Andrew H and others in that it isn't illegal, and on a moral level you are paying for the product so I don’t see an issue. It's funny really, companies want all the benefits of globalisation and free trade (cheap labour, more markets etc..) whilst not really competing by creating artificial barriers.
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