A group called Authors Unite is stepping up its war against Amazon after sending a letter to the US Department of Justice asking it to investigate the online bookseller for allegedly violating antitrust law, according to The New Yorker’s Vauhini Vara.
The letter, which starts out by clarifying that “we [the authors] are not experts in antitrust law, and this letter is not a legal brief,” argues that by reducing book prices, Amazon has created an environment where publishers are now scared to publish controversial or relatively unknown work as it won’t generate the same revenue as a blockbuster best seller.
Antitrust cases usually revolve around protecting the consumer from a company that has the largest market share in any market, setting prices that far exceed the actual value that is delivered. While Europe and the US have different methods, as detailed by Ben Thompson of Stratechery, the end result is that they protect consumers from high prices and encourage innovation as no company has a large enough advantage over another to relax.
The original article can be found at www.businessinsider.sg