HorizontalLogoFlatKO
  • Exercise class

    Come in at

    9:30 Tuesdays,

    Thursdays

  • Artist coloring book

    Available now
    at the library
    for just $12.
  • Start filming!

    Enter your
    movie in our
    Film Fest '016!
    Ask us how.
  • Before the damage is done

    Learn to conserve
    before the
    water rises.
    Ask us how.
  • 1
  • 2
  • 3
  • 4

Search the Catalog

Librarian Blog

  • Only now?

    News flash! This just in: A public library in San Diego was in the spotlight Thursday as it...

  • Thanks for the shout-out

    One subhead in the recent column by Dr. Oz and Dr. Roizen read was intriguing. It read: "Oils for...

Politics this year:
  • Votes: (0%)
  • Votes: (0%)
  • 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

DMC Firewall is developed by Dean Marshall Consultancy Ltd