Twelve Gallons of Milk
Slate Money
00:00
The Monopoly Buyer of Author Advances
A monopsony is where there's a single buyer of authors work. The suit focuses on harms to authors, and has all these delicious examples of bidding wars between simon and schuster and penguin random house. Consumers will end up reading worse books because the authors won't be paid enough to write ood. But it would also be bad for the broader book eco system as consumer authors makes for better books.
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