<
https://medium.com/@andyhunter777/every-book-lover-should-fear-this-graph-4f16d85bf2b1>
"Books are a fundamental social good that have an outsized impact on our
development, individually and collectively. They move us forward. They have
been fundamental to our moral and social evolution, our inner lives, and our
understanding of ourselves, others, and the world. What they give us is too
precious to trust to a single entity for whom they are ultimately just a
product, and whose algorithms value them only by the revenue and customers they
bring in.
Popular books are so deeply discounted on Amazon that other bookstores have
found it hard to compete. Why does Amazon sell books at prices so low they lose
money? Cheap books are a loss-leader that devalue books to drive competitors
out of business and help Amazon gain control of the market, leaving them with
near-monopoly power.
What is lost if at the end of 2025, Amazon sells 80% of books in the US? If one
mega-retailer has unprecedented control over what everyone reads?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
