Today’s “doesn’t get the free market” quote-of-the-day comes from Graham Marks, children’s editor at the British-based trade magazine Publishing News. Marks was asked to comment on the fact that large booksellers are competing on price to sell the new Harry Potter book, resulting in low sale prices that make it hard for many bookstores to sell the book at a profit. Marks comments:
Everywhere you go there is huge, ridiculous discounting by the chains. [Booksellers] are literally not going to make one penny out of the book. It is stupid — just throwing money away … The world has gone mad.
Yup, no doubt.