Charlie Rose: A lot of small book publishers and other smaller companies worry that the power of Amazon gives them no chance.
Jeff Bezos: You got to 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 I mean, there are areas where your power’s 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 pursuit 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.
. . . .
Later in the segment, Bezos acknowledges Amazon’s own mortality, which could explain his determination to stomp out competition.
“Companies have short life spans,” he said. “And Amazon will be disrupted one day.”
“The companies that are the shiniest and most important of any era … you wait a few decades and they’re gone,” he added.
Link to the rest at AllThingsD and thanks to Josh for the tip.