RUSH: Jeff Bezos. He’s on 60 Minutes with Charlie Rose on Sunday night. Let’s go to the sound bites. This is pretty good. Charlie Rose says, “Every time a new Amazon center goes up, Jeff, publishers and traditional retailers shudder. They get scared, Jeff. A lot of small book
publishers and other smaller companies worry that the power of Amazon gives them no chance.” You’re coming in here and you’re selling things at practically no profit margin, Jeff. You’re practically giving things away at cost. How in the world can these people keep up with you, Jeff? It just isn’t fair. It’s not right.
BEZOS: You gotta earn your keep in this world. When you invent something new, if customers come to the party, it’s disruptive to the old way.
ROSE: Yeah, but there are areas where your power is so great and your margin, you’re prepared to make it so thin, that you can drive people out of business, and you have that kind of strength, and people worry, is Amazon ruthless in their purest of market share?
BEZOS: The Internet is disrupting every media industry, Charlie. You know, people can complain about that, but complaining is not a strategy. Amazon is not happening to book selling. The future is happening to book selling.