Quote:
Originally Posted by leebase
The very fact the the publishers HATED Amazon's pricing but were POWERLESS to do anything about it is proof positive that Amazon had monopoly power.
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Yeah, no. Not so much.
Is that, that there new-fangled "proof positive" they're teaching in school or something?
They were always free to put pressure on Amazon by refusing to allow them to sell their books. The only thing it's "proof positive" of, is that the publishers wanted to have their cake and eat it too. They wanted to dictate retail price AND avail themselves of Amazon's vast customer base (something they're not inherently
entitled to).
There was no monopoly. There were five publishers looking for a shortcut to get back into a game that they never saw any real value in in the first place--until too late. And a cocky gunslinger that was willing to bail them out for a piece of the action.