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Netflix Shakeup, More Tech Layoffs, and Guest Cory Doctorow
Pivot
Monopoly in the Supply Chain
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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