Amazon: Monopoly or capitalist success story?
Found on BBC News on Wednesday, 15 October 2014
After the company tried to level the pricing of e-books across the board to $9.99 (£6.28), Hachette, backed up by authors such as JK Rowling, Malcolm Gladwell and James Patterson, objected.
Amazon squeezed the publisher by delaying delivery of its books - sometimes by weeks.
"In its pursuit of bigness, Amazon has left a trail of destruction - competitors undercut, suppliers squeezed - some of it necessary, and some of it highly worrisome," he writes.
It's easy to point at Amazon and say that it is too big and abuses its market position. it is too big for a reason: customers use it. So when you complain about Amazon, ask yourself first how much you are buying there.