Charles Schumer: Memo to DOJ — Drop the Apple E-Books Suit

Speaking of ill-considered government regulators, New York Senator Chuck Schumer wants the DOJ to drop its price-fixing suit against Apple:

The suit will restore Amazon to the dominant position atop the e-books market it occupied for years before competition arrived in the form of Apple. If that happens, consumers will be forced to accept whatever prices Amazon sets. […]

The Justice Department lawsuit is also unsettling from a broader perspective. As our economy transitions to digital platforms, we should be celebrating and supporting industries that find ways to adapt and grow. By developing a pricing model that made e-book sales work for them, publishers did just that.

Thursday, 19 July 2012