Matthew Yglesias is executive editor of Vox.com, a digital news startup that launched in April 2014. Previously he was the Moneybox columnist at Slate. Yglesias was also a fellow at the Center for American Progress, a blogger for Think Progress, an associate editor for The Atlantic, and a staff writer at The American Prospect. He has authored two books, The Rent is Too Damn High (2012) and Heads in the Sand (2008).
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Here's a little real talk about the book publishing industry it adds almost no value, it is going to be wiped off the face of the earth soon, and writers and readers will be better off for it.
A number of authors have suggested that there are anti-trust issues in play here, but it's difficult to see why that would be the case. No retailer has a legal obligation to carry everyone's products or stock them in a convenient way.
What makes Jeff Bezos a strong CEO and an important business leader is that he's been able to fend off shareholder demands to get their grubby hands on this money. Instead he's deploying it to grow the franchise.
My guess is that Amazon's growth-first strategy really is exactly what it looks likea strategy to pursue growth first that shareholders tolerate because Jeff Bezos is executing it really well and he has a compelling vision.
Amazon is indifferent to whether you buy good books or bad books, but I'm not indifferent and neither is George Packer and nor are lots of other writers and editors out there.