Schwab’s speech on the night of December 12, 1900, undoubtedly carried the inference, though not the pledge, that the vast Carnegie enterprise could be brought under the Morgan tent. He talked of the world future for steel, of reorganization for efficiency, of specialization, of the scrapping of unsuccessful mills and concentration of effort on the flourishing properties, of economies in the ore traffic, of economies in overhead and administrative departments, of capturing foreign markets.
More than that, he told the buccaneers among them wherein lay the errors of their customary piracy. Their purposes, he inferred, had been to create monopolies, raise prices, and pay themselves fat dividends out of privilege. Schwab condemned the system in his heartiest manner. The shortsightedness of such a policy, he told his hearers, lay in the fact that it restricted the market in an era when everything cried for expansion. By cheapening the cost of steel, he argued, an ever-expanding market would be created; more uses for steel would be devised, and a goodly portion of the world trade could be captured. Actually, though he did not know it, Schwab was an apostle of modern mass production.
Boldfaced emphasis added by me.
The print publishing Big Six think they’re all so smart. So educated. They’ll pull their degrees out of all of their asses to prove it!
None of you are smart. You’re all fat, smug, cowardly, and stupid.
Exhibit A: eBook windowing
Exhibit B: Front-loaded price gouging
Exhibit C: The Agency Pricing Model
And you wonder why Amazon went behind your backs to agents directly?
Losers can’t be helped. And you’re all that.