“You may remember You’ve Got Mail (1998). It was a movie about a small bookstore that could not compete with a huge bookstore that was modeled after Barnes & Noble. Technology and capital wiped out the local bookstore. Now Amazon is wiping out Barnes & Noble. Same story: capital and technology. The free market benefits customers. Barnes & Noble is a dinosaur. It looked unstoppable to Hollywood 15 years ago. But the World Wide Web has brought it down. It will not recover. Its Nook reader is a bust. People prefer Kindle. My time is valuable. I don’t like driving. One click is all it takes to get me what I want.”
http://teapartyeconomist.com/2013/08/21/barnes-noble-slides-toward-bankruptcy/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
China begins direct convertibility to Asia’s #1 financial center, Singapore
CIA finally admits it masterminded Iran’s 1953 coup
Feds force Oregon to surrender medical marijuana patient records
Leaked Cable Confirms Israeli-Saudi Coordination To Provoke War
Google ordered to remove links to stories about Google removing links to stories
If Snowden's A Terrorist, What About Uber and Airbnb?
Debt: Still Cheap, and Getting Looser
Costa Mesa — or Cosa Nostra? Your Friendly Police at Work
Regulation Of Bitcoin - The First European Bitcoin Convention
McCain's Next Stop: Guantanamo?
Peter Buffett's Very Public Takedown of His Father, Warren
The new-found desire for privacy is what’s driving all of this new business activity.
How to Generate Income From the Needs of a Hungry World
Wi-Fi Trashcans Now Silently Tracking Your Smartphone Data
FAA begins granting drone overflight waivers to large corporations