WSJ: Department of Justice Knows Best When It Comes to E-Book Pricing…Not

Gordon Crovitz writes in The Wall Street Journal (Steve Jobs, Price Fixer?):

No one knows the next chapter in the future of books, but lawyers in the Antitrust Division of the Justice Department claim to know precisely how this industry in transition must be structured and operated, down to the correct price for an e-book. The government’s certainty is the basis of a threatened price-fixing lawsuit against Apple and top book publishers.

Crovitz goes on to suggest that the Department of Justice is not taking correct action in fostering competition in the e-book industry. Read the rest at The Wall Street Journal.


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