France Considers Ban on Free Shipping by Amazon. Prepare for Economic collapse

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Published : June 04th, 2013
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Category : Crisis Watch

The amount of economic illiteracy in France is simply staggering. Please consider French minister hits at Amazon ‘dumping’.

France’s culture minister has attacked Amazon, the online retailer, for deliberately undercutting traditional rivals to create a “quasi-monopoly”, in the latest assault by the socialist government on internet companies.

“Today, everyone has had enough of Amazon which, through dumping practices, smashes prices to penetrate markets to then raise prices again once they are in a situation of quasi-monopoly,” said Aurélie Filippetti, the culture minister.

Calling Amazon a “destroyer of bookshops”, she added that she was considering a ban on free postage offers and ending the current regime of allowable 5 per cent discounts on books.

Ms Filippetti was speaking in Bordeaux where the government announced a €9m joint plan with French publishers to support independent booksellers. “This is an unprecedented effort in favour of the book and reading because without independent bookshops there will be fewer publishers and authors, less choice for the reader and fewer social networks in towns,” she said.
What's the Goal?

If the goal is to get people to read books, logic would dictate the cheaper the price the better. Kindle, Nook, and other eBook readers come to mind.

What good would banning free shipping do? Amazon could easily up shipping charges and lower the price of the book and get the same result. Of course, France would then want to dictate the price of books as well, all in the name of "preserving culture."

It's easy to spot the problem. France does not need and cannot afford a culture minister whose obvious goal is to stop the spread of technology and preserve culture as she sees fit.

But France is France. So when does this fool announce a tax on Kindle or campaign to bring back the horse and buggy?

Prepare for Economic Collapse in France

Government spending is already 56% of GDP. Hollande has threatened to take over steel, auto makers, and other industries to preserve jobs. Every month, France becomes less and less competitive. It is no wonder French unemployment soared. And unemployment will continue to rise.

Economic idiocy in France has even led to an open feud between French President Francois Hollande and German Chancellor Angela Merkel. For details, please see Simmering Feud Between France and Germany Erupts Into Verbal Warfare; France Tells Brussels to Shove It

Prepare for an economic collapse in France, because it is on the way. And Germany cannot possibly carry the European economy on its own. That is yet another reason IMF Growth Estimate for Germany is Still Too Optimistic.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Data and Statistics for these countries : France | Germany | All
Gold and Silver Prices for these countries : France | Germany | All
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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Mish said: "But France is France. So when does this fool announce a tax on Kindle or campaign to bring back the horse and buggy?

That was mean spirited and a low down snake of a statement that you made sir Mish, and uncalled for. The woman is concerned about losing part of they're culture to big business and that makes her a fool?...in your mind?
Who's fool are you Mish? You sound like a whore for big business.

Everybody likes the feel of a local bookshop and what it has to offer. Everybody also likes a good price on books so wha la...Amazon is very successful because of it. And I will admit that I am a big user of Amazon's book sales. But mostly it is because the kind of books I buy are hard to find and not sitting around here locally. I even live in the same town as Powell's books and many times they don't have what I'm looking for. But on occasion they do have the book, or books, and in that case I usually order online and then go down there and pick them up. Sometimes I just go down there and hang out and check out the local culture. Try that on Amazon.

I would hate to see Amazon OR the local bookseller go under. We know Amazon isn't going to, but I do feel for the local mom and pop trying to make it. They add a venue and a culture to a neighborhood that an online seller can't touch. The truth is that many bookshops do sell on Amazon because I have bought from them many times.
Is it possible to strike a balance? No, not really, because every book store in the world could go under and Amazon wouldn't care, except maybe to throw a big celebration party.
The lady has good reason to be concerned for her country's culture, but the truth is it is happening every where with just about every type of business. I personally hate it but that is because I am old enough to remember a world before TV remotes and wayy before the internet and how much more pleasant and relaxed and peaceful life seemed to be.
There sure wasn't anybody spraying chemicals over our heads either in those days and altering our weather. You want to see some big changes then just look up and check out what's going on right over your head. But that is a whole other topic isn't it.
You should have been with us back in those days Mish. It would give you more of an appreciation for what we had, have, and are losing.
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Mish said: "But France is France. So when does this fool announce a tax on Kindle or campaign to bring back the horse and buggy? That was mean spirited and a low down snake of a statement that you made sir Mish, and uncalled for. The woman is concerned  Read more
Don F. - 6/6/2013 at 8:55 PM GMT
Rating :  2  2
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