Quote:
Originally Posted by Steven Lyle Jordan
ECON 101 also says "A business must make more money than they spend." If customers demand ebooks at prices the publishers cannot support, they go out of business (and by the way, take all the contracted books with them).
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That same attitude drove many a company out of business, as the upstart competition moved in, and produced a viable business model with much less overhead and more effeciency. This is how the quality of life has been driven up over the centuries.
The old establishment said that they couldnt produce at a cheaper cost, and the entrapaneurs adopted the new methods of production.
Just one example, agriculture. Many jobs were lost to industrialization of farming, but the society as a whole benefited, even though it put lots of people out of work, who worked in the old models of production.
Also, asset liquidation of the old business wouldnt see the demise of any works, and any projects would simply be taken to the new business model businesses with new contracts drawn up.
But alas...