Amazon: Careful what you wish for

Back when Apple and the book publishers were on trial for alleged price-fixing, there was no end of people claiming that Amazon was the "good guy" - and that its low prices were all we had to worry about.

Of course, now we're seeing the results of the idiotic legal decision that cast Apple as the "bad guy." Amazon flagrantly abusing its near-monopoly power to punish and suppress publishers and writers it disagrees with. From a New York Times article today:

Seeking ever-higher payments from publishers to bolster its anemic bottom line, Amazon is holding books and authors hostage on two continents by delaying shipments and raising prices. The literary community is fearful and outraged — and practically begging for government intervention.

“How is this not extortion? You know, the thing that is illegal when the Mafia does it,” asked Dennis Loy Johnson of Melville House, echoing remarks being made across social media.

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Tell me again how Steve Jobs plan to let publishers set the price for their e-books was so terrible?