Here's why this latest firestorm (or any other kind of storm you want to call it) scares me:
I don't purport to know every nuance and detail about this whole mess. But this seems to sum it up pretty well.
Well, and this:
I'm sure there will be a lot of posts on this from literary agents, editors, and other publishing professionals/insiders in the coming days. I'm looking forward to seeing the different takes on it and I will eventually actually sit down and read the anti-trust filing. It's certain to appear in Publisher's Weekly and/or Shelf Awareness sometime soon. They'll shed some good light on the scenario. Meanwhile, you might want to check out some articles on C|Net:
DOJ Announces 3 E-book Settlements...But not With Apple by Declan McCullagh
Why E-books Cost So Much by Nathan Bransford
What's the Future of E-book Pricing? by David Carnoy
If you have a link to a good article about it, please share it in the comments. I may add to this list throughout the coming days and weeks. This is a very important issue and one which seems likely to have more impact on debut and mid-list authors than on the big names or any celebrities who might go publish a book as a whim.
Editing to add in some more tweets from the publishing world.
Edit: This morning Twitter was again ablaze with this news. I have a couple more links for you all, links which I will be reading through today myself.
A Few Things Become Clearer in the Settlement from Publisher's Weekly
This is the link in the tweet to the left, I believe.
Everything You Need to Know About the E-Book DOJ Lawsuit in One Post This one is updated frequently.
Editing to add: Here's a link to Writer Beware Blogs' Overview of the Lawsuit
So, what really really scares me in all this is the devaluation of creation. I think it's time we send all these government goons into the arena with naught but a few swords and ninja stars.
And this is what I mean by devaluation of creation:
A book can be just as immersive and powerful an experience as a movie, yet we no longer value them the same? That seems incredibly backward to me.