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Netflix Shakeup, More Tech Layoffs, and Guest Cory Doctorow
Pivot
Monopoly in the Supply Chain
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There are big differences between the particulars of music in books, but they're both monosynistic. When you have a monopoly somewhere in the supply chain, it's able to exert excessive buyer power on its suppliers and excessive seller power on its customers. So here's an example from books. About a decade ago, Amazon was using its investors capital to sell ebooks below cost. But every one of those ebooks were locked permanently to Amazon's platform with DRM.
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