Book-pricing Collusion

Whoa.

 

The US Justice department is threatening suit against Apple and five major publishers, alleging collusion to raise book prices.

 

This is a fascinating situation to me. I do find it hard to see the whole agency-model thing as anything other than collusion to force Amazon to stop discounting e-books.  OTOH, it's not exactly clear that letting Amazon discount their way into the position of sole retail outlet for ebooks is the path to less monopoly power.

 

I don't know much about the law in this case, or what outcome I am rooting for.  But I'll be interested to see how it goes.