Consumers may be asked to pay higher prices to keep Quebec's small bookstores in business.
From The Montreal Gazette:
"Under the scheme, booksellers, whether big-box retailers or hole-in-the-wall independent bookstores, would all have to sell new books for a predetermined price during the first nine months after their release. Retailers that want to put certain titles on sale would be allowed to knock no more than 10 per cent off the price."
Small bookstores saw their business drop this past year while chain bookstores saw an increase. Proponents say this will save independent stores from giant chains and big-box retailers. Mexico and France already have such laws in place.
Some say it will have the opposite effect:
"However, critics say the proposal is not only futile but would actually kill book sales, especially of made-in-Quebec books.
"Fixing prices and limiting discounts to 10 per cent would result in a 14.2-per-cent drop in book sales, while sales of Quebec titles would plummet by 17.6 per cent, the Institut économique de Montréal warns in a recent study.
"Some independent booksellers say the measure constitutes undue government interference."
What's your opinion? Should the government interfere in consumer practices? Is this law only prolonging the inevitable?