Wednesday, April 11 2012

E-book price-fixing, continued

The publishers are not looking good here, and in fact are looking exactly like corrupt racketeers. I love the quote from Steve Jobs:

“you set the price, and we get our 30 percent, and yes, the customer pays a little more, but that’s what you want anyway”

And that’s just the tip of the iceberg; lots of juicy quotes, and the DoJ is serious enough to have acquired the various CEOs’ phone records. Even without this investigation, though, the publishers are screwed in the long run, and they deserve to be. They think they’re pushing back at an uppity online discount bookstore, and have failed to notice that Amazon is not only far more popular than they are, but has become the best place to shop for damn near anything.

Where else can you get two-day free shipping for polearms, diesel generators, gym-grade fitness equipment, gourmet foods, and fishing boats? I was honestly surprised to find that they’re not selling cars and motorcycles yet, but that’s probably just because the red tape for title transfers is too much of a hassle to navigate.