It may soon be investigated for possible violations of antitrust laws.
Packages pass through a scanner at an Amazon fulfillment center in Baltimore. Amazon sells some 40% of all print books sold in the U.S.
That said, there are some important things in life that don’t work well as markets. Education, which we believe should offer an opportunity to improve potential for all, rather than merely serve to pick winners and losers, operates less efficiently as a market than a public good. Health care, with all the extra bureaucracy and profit-seeking attached to our commercial insurance industry, seems to be another area where the market is not well-suited to what we desire.
In theory, this shouldn’t be an issue. After all, Amazon is just a retailer like any other, a massive one that accounts for a huge proportion of the market for books, but so long as anyone is allowed to enter the market and peddle their wares, we’ve got ourselves a mechanism for efficient capitalist operations.
The Authors Guild and ABA also argue that Amazon’s size and role in highlighting and promoting books is dispositive when it comes to which books readers are exposed to. Is it truly a marketplace if you’re allowed to set up a stall for your wares, but at the same time, no one knows your stall exists?that Amazon will be scrutinized for its role in the book industry because Amazon’s very existence allows for more books to be sold.
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