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Originally Posted by fjtorres
Don't miss the comments. There's a few fun ones.
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Can we vote for favourites?
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I agree that publishers are *acting* as though they don't understand basic economics.
I've noticed on Techdirt that you seem to ignore the "meta-game". Book publishers, the MPAA, the RIAA, etc act as if they don't understand econ 101, and you take them at face value and assume they don't get it. Of course they get it, but it is not in their best interest to acknowledge that their spin is nonsense, so they reframe the debate in a way that they hope will appeal to voters, the media, etc. The poor set painters, the starving writers, an industry on a verge of collapse and the imminent damage to local economies, that kind of bullshit.
So why not start playing the meta-game? Publishers are *pretending* that they don't understand what sunk costs are and that the price tends toward the marginal cost over time. (that would be about $0.01 for an eBook). These guys went to college, they're not stupid. So stop calling them stupid and start calling them what they are: lying assholes.
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(Although that one is actually in the related article.)