I don’t have time to write about it right now, but Matt Yglesias’s post today on why calls to fight Amazon’s ‘monopoly’ are misguided did hit the mark. I wanted to write something the other day when John Gruber predictably snarked in favor of the Justice Department fighting Amazon’s ‘monopoly’.
There’s no there there, seriously. I’ve been waiting patiently for someone to make a good case that Amazon has done anything wrong. Seems to me that their worst sin is … negotiating very hard against publishers? And using their market power to demand lower prices? This is good for readers, isn’t it? It makes books cheaper. Maybe you could argue that something which is good for readers is bad for authors, but *that requires argument*; it can’t just be asserted. I had this same problem with George Packer’s argument against Amazon a few months back.
To put it in perhaps a few words: whatever Amazon is guilty of, Wal-Mart is guilty of too. And I don’t see anyone pushing to break up Wal-Mart. They’re both just large retailers pursuing high volume and low profit margins, perhaps at the expense of their suppliers. That’s all. What am I missing?