Ponzi 2.0 Schemes

Question to the audience:

“are resellable e-books rights the new Ponzi schemes of the 21st century? It simply doesn’t matter what the contents are, people are buying the rights to on-sell the rights to other people?”

Here’s an example: there’s one site which sells master rights to 75 e-books for $30. The titles aren’t even given, so the guy who’s paying the $30 is probably taking a punt they can sell the master reprint rights again. One site even touts that the products they’ll help you sell are master resale rights.

Just have a look at the e-book ads along the side of this Google search page.

Sounds fishy to you? It sure does to me. I’m an easy sceptic.