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“Inclusive Access” allows textbook monopolists to permanently consolidate their gains
Universities are auto-billing students for high-priced, self-destructing textbooks they can’t loan or sell.
The student debt crisis isn’t merely attributable to spiraling tuition prices — there’s a whole menagerie of feral hogs scrumming to get their snouts in the student debt-trap trough.
Take textbook publishers.
This hyperconsolidated industry, dominated by a handful of merger-based megafirms, have increased the value of the textbook market to over $3.5b by the simple expedient of hiking prices by over 1,000% .
Faced with rampant price-gouging, students have turned to traditional methods of lowering the cost of textbook access — used markets, rental markets, etc.
Publishers sued over this — and lost.
Textbook publishers tried to counter this by bribing profs (“paying consulting fees”) to assign a new edition of the…