Quote:
Originally Posted by jgaiser
What he doesn't say is that prior to the Agency model, Amazon was purchasing wholesale and in fact the authors were making *more* money . . .
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Right. The authors are thinking long term. Same goes for the publishers. If the publishers were run by MBA types fixated on quarterly earnings, instead of by English majors, they probably would love Amazon.
Of course, Amazon is also famous for long-term thinking.