I got money t
his morning. It was sickening. And you may have gotten money from the same toxic source. You see, this money wasn’t earned or freely given: it was squeezed out of producers and given to consumers by those who think that producers exist to serve consumers—and who condemned these producers for banding together against a company that was serving its customers well, but which these producers feared was destroying their businesses.
Yes, this morning I received my share of the ebook antitrust settlement, which arose out of the same fight over ebook prices as the Department of Justice’s antitrust case against Apple. State attorneys general and class-action lawyers forced the five major publishers to pay from 73 cents to $3.93 per ebook to people who bought Amazon Kindle ebooks between April 1, 2010, and May 21, 2012. My share: $7.30 in Amazon credit to be spent on books and ebooks—even ebooks published directly by authors using Amazon’s technology.
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