Wednesday, July 31, 2013

Wake Up, Book World: Obama’s Amazon Visit Isn’t Just Bad for Publishers and Bookstores

Wake Up, Book World: Obama's Amazon Visit Isn't Just Bad for Publishers and Bookstores

Today in Chattanooga, TN, President Obama will visit a two-year-old Amazon fulfillment center to outline his “better bargain for the middle class.” He will use the company that hosted him as an example of how our country might start working again, no doubt mentioning the 5000 new jobs that Amazon will be adding to demonstrate how the economy is supposedly on the upswing in the USA.
This has caused a few friends of mine who work in various corners of the publishing industry, from editors at big publishing houses to indie booksellers, to voice their unease about the president palling around with a company that the publishing world considers the real-life equivalent of Star Wars‘ Galactic Empire.
Even though there’s nothing more American than the go-getter capitalist spirit that promotes competition in order to give the American public what they want at a price they can afford, Amazon routinely engages in behavior that book people see as bad business, and bad for business. Check out the most recent round of prices slashed almost literally in half, on some of the biggest bestsellers of the last year. … Read More

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