My carefully concealed always positive outlook on life is taking a beating these days, and the only pleasures are (i) attacking inconsistencies in other people’s positions and (ii) defending my own right to the same.

In that respect, the other day I received an email from my publisher, Simon and Schuster, exhorting me urgently to list not only Amazon on my website but Barnes and Noble too:

BN supports your book online and in stores and it’s crucial that they are represented.

Obviously, publishers are getting worried about competition from Amazon, who are now not only distributing other publishers’ book but also  publishing Amazon’s own. They should worry; Amazon is so efficient and publishers are still living in a cramped archaic world. If I ever wrote another book I would certainly consider publishing it through Amazon, which provides quick turnaround.

Nevertheless, Amazon is too powerful. It’s one thing to be a distributor of everyone else’s books; it’s totally another to also simultaneously be a publisher. Those two functions are best separated, via arguments similar to the ones that suggest that producing financial securities should perhaps be separated from market-making. Too much concentrated power over the entire market.