Quote:
Originally Posted by tompe
No. The publishers think that Amazon's actions are destroying the market in a way that is very bad for the readers.
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The publishers don't give a fig for the readers. The publishers care about one group of people, and one only: the people who speculate on the prices of their stock (in fact, they're legally required to care only about those people). What's good for publishers' short-term stock prices is often very, very bad for the readers -- but that doesn't matter. They're not there for us. They're not there for authors. They're not even there for their own employees. They're there for stock speculators, and
only for them.
As for "destroying the market" ... exactly how? Nobody says that brick-and-mortar stores are "destroying the market" when they discount books. Is it
improving the market when ebooks are required to be sold at prices
higher than the list price of physical books? The Agency Cartel is not, in any way whatsoever, working for the good of the market, of the readers, of the authors, or of anyone whatsoever
except the people who speculate on their stock prices. Just keep that in mind.