We’re about to see a most glorious example of missing the point here. For the literary types are shouting that competition, markets, even competition within markets, are the most glorious things that they must be preserved by law:
Authors have made it abundantly clear that they fear the fallout if the deal goes ahead. When it was first announced last November, the Authors Guild in the US was quick to register its objections. The acquisition, which would bring heavyweight S&S authors including Hillary Clinton, John Irving, Stephen King and Bob Woodward under the PRH umbrella in the US, would “creat[e] a huge imbalance in the US publishing industry”, it warned, calling on the US justice department to step in.
The Authors’ Guild’s UK equivalent, the Society of Authors, followed suit last month, urging the Competition and Markets Authority to take a look at a deal, which it warned could have “a generally anti-competitive effect on prices for consumers and significantly adverse contractual terms for authors”.
So, hands up everyone who thinks that literature is going to be shouting that competition, markets, even competition within markets, are the most glorious things that they must be preserved by law.