• Help with tablets

    We can help

    with e-books,

    other issues:

    Noon Aug. 6

  • Celebrate Watermelon Day

    Learn to cook

    melon-based stir fry

    and melon gazpacho:

    6 p.m. Aug. 4

     

     

  • Make a movie and win!

    First Wimberley

    Film Festival

    Entry Rules Set:

    Come Pick Up

  • Little Free Libraries now 'open'

    One at Community

    Center; another at

    Woodcreek City Hall.

  • 1
  • 2
  • 3
  • 4

Search the Catalog

Librarian Blog

  • So ... that was the problem

    I did just OK in math when I was a sophomore at Amarillo High School in 1962-63. Then, everything...

  • Time to come clean

    Being a United States senator does not require one to be ethically and morally upright, as we all...

What are you reading this summer?
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
  • Votes: (0%)
Total Votes:
First Vote:
Last Vote:
Text Size

The reason monopolies are bad for consumers has long been made by, well, monopolists themselves.

Let a company get exclusive or near-exclusive title to some part of the market, and that company will take advantage of its position to maximize profits.

If this were not true, government would never step in to foster competition.

Little wonder, then, that Amazon, the biggest bookseller of all time, is now profiting from its gargantuan position to raise the prices of its offerings to make more and more money.

To get to where it is now, Amazon kept prices artificially low, bringing in customers so it could grow its market share.

The pricing back then was predatory.

And so it is now with prices rising.

This all should come as a surprise to absolutely no one.

But, today's New York Times carries an article that has a tone of incredulity about Amazon's price-hiking.

Now it is time for government to step in and protect book-buyers from this modern Robber Baron.

Add comment


Security code
Refresh