Jon Stewart, utterly brilliant, on the War on Christmas.
This may be a few weeks old. I was reading Adam Davidson (from NPR Planet Money) on book publisher mergers in the NY Times Magazine, when I found this quote: "[I]t's difficult to imagine how, in the digital world, publishers could ever monopolize the sale of written material. Even if there were only one house left, it would compete with every blogger and self-published e-book author."
Not sure whether to be uplifted or frightened that we at runningprofs represent the competitive check on monopoly conduct in publishing.
Low cost of entry plus declining marginal cost. . . Hmm. Is that a natural monopoly or just a bad business model?
ReplyDeleteMaybe we can be of service and explain to Adam the concept of a "relevant" market, otherwise he will go on thinking that breakfast cereal and Rolls Royces compete because people spend money on both of them.
ReplyDelete