Earlier quoted context omitted.
What is the negative affect they are having on authors? Isn't Amazon the reason we have access to such amazing new talents as Hugh Howey (Wool series)? The ability to independently publish into an established marketplace is a pretty great boon for aspiring authors.
That's like saying that the iOS App Store provides us with amazing games at a cheap price, so it hasn't been a net negative to the games industry on the whole. It has. A handful of creators can make a living from that model, but most can't, because the glut of games drives down the prices substantially. It's a race to the bottom. And the App Store pays out 70% of the proceeds to creators. Amazon's Kindle publishing p…
Creators who are dropped by publishers have the ability to then self-publish. Hugh Howey is not publishing sequels, just completing (IMO) a series which is now done. His other works are receiving a lot of interest on Amazon as well. Not seeing a lot of downsides here, except to traditional publishing models, and frankly good riddance to them.