As another author and Nobel laureate said[1], "everything is politics". If the lower price really would make more money for everyone, then surely Hachette woul

As another author and Nobel laureate said[1], "everything is politics". If the lower price really would make more money for everyone, then surely Hachette would readily do it. Since they don't, and since they understand this market as well as anyone, a reasonable person might assume that they would indeed make less money with a lower price. Even free-market fundamentalists must see that free markets don't function when dominated by monopoly or monopsony. So isn't there a legitimate public policy question about whether the state should limit that market power? [1] http://en.wikiquote.org/wiki/Thomas_Mann http://en.wikiquote.org/wiki/Thomas_Mann