Last week Josh discussed the American Booksellers’ Association’s effort to get the Justice Department to pursue antitrust charges against Walmart, Target, and Amazon for engaging in a vigorous, consumer-benefiting price war. In today’s Boston Globe, Jeff Jacoby has a nice piece highlighting a bit more of the Association’s tortured logic. (HT: Don Boudreaux.) Apparently, all this price competition is “devaluing the very concept of the book” and will not “encourage more reading.” Go figure.
Here’s the Association’s letter to the DOJ in all its glory.
Megan McArdle nails it by saying the American Booksellers Association has confused competition with cartelization.