Tuesday, November 28, 2006

College Books and Excessive Profit

http://www.orlandosentinel.com/news/local/volusia/orl-collegebooks2506nov25,0,954603.story

College textbooks are the ultimate monopoly market. Often the college bookstore is the only source for the book, which is often 100% required to pass. This can elevate the cost to 'anything not suspicious'.

This is not legitimate. It contains criminal business practices, and at the very least needs to be changed. So here we are at the crossroads.

Anything that is aggressively profitable is, well, unfortunately wrong. If you're making 500% profit on something and it is turning into quite an uneven amount of leftover cash, you are cheating someone. Not maybe cheating, not making a killing, you are doing something wrong.

Unless your customers are not suffering from paying the cost. In that case, it doesn't seem to matter, except for being peculiar. But if you're charging students $400 or $500 per semester for books, and you produce these books for pulp, and could sell them for half their price, and the students are suffering, you are profiting from their suffering, which is bogus.

This practice is anti-community, anti-commerce, and detestable. It should stop.

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