You can't bailout inanimate objects. You can't improve their lot by giving them tax
benefits or funds. Any legislative action that claims to aid an entire industry only aids
the entrenched players with the most effective lobbyists. It will actually harm any new
attempts to answer the markets demands in the area regulated. It may even make it
illegal to provide goods and services in any other way. So no innovation, no improved
product based competition.
I am sure the Big Publishing Houses (BPHs) have elements inside them arguing both ways.
One is saying ebooks are a great way to reduce our cost of production. Another
is saying that ebooks are cutting into our paper book (pbook) sales.
I very much doubt that any such "bailout" would be to fund a conversion to ebooks from
pbooks. I expect that any legislation would be to create conditions where the pbook
side of the argument is supported. I would expect action to provide some controls
over ebook production such that favor those who make and/or sell pbooks.
Luck;
Ken
Last edited by Ken Maltby; 04-27-2013 at 05:46 PM.
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