Important Article From The New Republic

October 24, 2014 at 5:59 pm Leave a comment

10365817_10152308567501536_6034697436866581675_n

This week The New Republic features editor Franklin Foer’s powerful article that examines the crushing effects of Amazon on small businesses and independent publishers.  Foer’s portrait of Amazon is not only eye opening, it is also disturbing– especially for the book industry:

“…as [Amazon] amasses economic power, it also acquires greater influence in the cultural and intellectual life of the nation.  Consider Amazon’s relationship to the publishing industry.  A recent survey conducted by the Codex Group , released in March, found that Amazon commands a 67 percent share of the e-books market…And when it comes to the sale of all new books–hard, soft, and electronic–Amazon accounts for 41 percent…Even though the five major publishing houses have political connections and economic power of their own, they just can’t compete.”

Looking back to America’s Gilded Age and the history of monopolies in this country, Foer writes that we must put an end to “our collective denial,” calling for nothing short of a “radical plan to stop” Amazon’s monopoly on today’s market.

If you haven’t already read this article, you can read it online or in this week’s printed issue.

 

 

 

Advertisements

Entry filed under: Uncategorized.

Q&A with L’Heureux Lewis-McCoy Q&A and Upcoming Reading with Michele Tolela Myers

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Welcome!

Book Culture is an independent community bookstore with two locations in the Morningside Heights neighborhood of New York City on 112th street and 114th street and Broadway. Visit us online at www.bookculture.com

People Like Us!

"The Upper West Side's literary standard"
- Gothamist

"Simply beautiful."
- Not For Tourists

Book Culture

Categories

indiebound

%d bloggers like this: