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In reply to the discussion: How Germany Keeps Amazon at Bay and Literary Culture Alive [View all]Selatius
(20,441 posts)This is why the Federal Trade Commission punished the RIAA because they had a similar agreement with music distributors as far as pricing schemes go. Brand new albums that used to retail for 12 or 13 dollars in the 1990s were inflated to well over 20 dollars in many cases when the price fixing mechanism was put into place.
Germany did this likely to protect its domestic book chain stores. I favor competition like anybody else; it makes things more efficient and keeps prices close to the reality of supply and demand, but I also mourn the destruction of mom-and-pop operations as well. It's the reason why Walmart is a monopoly in everything but name, and because of that, nobody is going to bring down the anti-trust hammer on them. They have too many politicians in their back pocket.