Okay, what does this mean to us as writers.

[mainer]

2. The end result IS limiting of markets. With Amazon as the monopoly.

It's bad for authors and retailers and readers.

The agreement among the three publishers wasn't about limiting competition. Instead, Amazon is the one trying to put everyone out of business by underpricing books, putting retailers out of business, and destroying the print market. A publisher invests money in authors, editorial, marketing, graphics, to produce books -- and expects a profit. A very, very small margin of profit, btw. The publisher uses middlemen such as Amazon and BN and bookstores to sell that product.

Then Amazon prices the ebooks so cheaply that the other retailers go out of business (e.g. Borders.) You are left with a monopoly, the two-ton gorilla Amazon. The largest bookseller in the world. Soon to be one of the few remaining booksellers in the world.

This leads to LESS choice for all of us.