04-25-2013, 10:23 AM | #1 | |||
Grand Sorcerer
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Bailout for Books?!!
Unavoidably, since the sky is falling in the land of the "Guardians of Culture", the clock has struck... Bailout Time!
It seems the manager of the biggest book assembly factory in the world has been running some prominent ads in the NYT (and elsewhere) to ramp up a campaign for the US Government to bailout traditional publishers. Yay! Settle down folks, it's subsidy-advocacy time: (Heh, this could get fun out there.) On the Pro-side, the instigator himself, James Patterson, via Salon: http://www.salon.com/2013/04/24/jame...y_bailout_ads/ Quote:
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On the Con-side... Well, now, who might have a few choice words? Hmm... Let's see: http://jakonrath.blogspot.com/2013/0...patterson.html Quote:
Bring your munchie snack of choice. (I'm not much for popcorn but I have some Pringles lying around.) Last edited by fjtorres; 04-25-2013 at 10:31 AM. |
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04-25-2013, 10:29 AM | #2 |
Wizard
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I can see maybe a tax break for indy bookstores themselves, but from what I understand the publishers are making money hand over fist (with such icons of high culture as snooki) and don't need a bailout.
Everyone points to Borders as being a casualty of the ebook wars, but from what i understand it was the result of decades of bad management. |
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04-25-2013, 11:05 AM | #3 | |
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Now, the big boys... Well that is a whole different kettle. I was just amused to see Patterson "stepping up" to "protect culture", bringing up bailouts himself, and specfically singling out the "Major Publishing Houses" as needing the bailouts. Yeah, those giant multinationals, all headquartered outside the US, need taxpayer funding and nobody is going to make a populist issue out of it. Nope, not at all... When I first saw the ad and the Salon interview defending it my first thought was somebody had Onioned them. I have to wonder if Turow put him up to it. (Or, maybe, his last co-authored masterpiece drew a slightly lighter than usual advance?) |
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04-25-2013, 11:19 AM | #4 |
I'm Super Kindle-icious
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I just quickly scanned the Patterson link.
I just find it weird that Patterson had a video on Amazon praising one of the early Kindles (a or 2, I've forgotten which). He also had a special edition Sony Reader (505?). He's kind of all over the place. |
04-25-2013, 11:39 AM | #5 |
monkey on the fringe
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Absolutely no help whatsoever. It's time they woke up to the realities of progress.
Dylan sums it up best: Then ya better start swimmin' or you'll sink like a stone for the times they are a-changin' |
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04-25-2013, 12:12 PM | #6 |
Philosopher
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If the publishers go under, they won't bring down the economy with them. Culture and literacy won't be harmed either. People would still buy books, people would till read, and people would still write. Authors would either self-publish or new publishers would arise, better adapted for the 21st century.
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04-26-2013, 12:07 AM | #7 | |
Indie Advocate
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I think we may lose authors who don't know how to compete in a new writing/publishing/marketing jungle, but new writers won't necessarily require the same adjustment as they develop different expectations from the start. There's no reason to think that important works of literature will be a thing of the past just because of this paradigm shift, and I think best sellers will probably remain as they are now - fodder for the masses, and some will be better than others etc... |
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04-26-2013, 01:29 AM | #8 |
doofus
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Too snooty to fail?
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04-26-2013, 10:28 AM | #9 |
Wizard
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Yes, let's bail out the Big 6 publishers, 5 of which settled an anti-trust price fixing suit with the FTC and 49 states within the last 12 months. Isn't that a bit like rewarding bad behaviour, or at least telling everyone you're going to punish them and then letting them off with a slap on the wrist?
4 of the 6 are owned by 2 private German companies, one French company, and a British company, and one of the two American firms is owned by Murdoch's News Corporation, which only recently moved its incorporation from Australia to the US. The demise of the bookstores isn't going to be fixed by bailing out the publishers anyway. It's a demand-side problem, the bookstore chains are losing customers to ebooks and other forms of entertainment and high discount small selection stores like Costco, Wal-Mart and Target. Bailing out the other end of the supply chain isn't going to help the bookstore chains at all, nor is it going to help the indie bookstores, many of which carry a lot of non-big 6 publishers. |
04-26-2013, 12:24 PM | #10 | |
Are you gonna eat that?
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04-26-2013, 12:58 PM | #11 |
Nameless Being
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If they fail, it won't be because of the demise of print or being unable to adapt to the changing market for books. It's because they grew too large and failed to make contingency plans to retool their production facilities to reflect current market needs, nor to shed off unneeded assets and labour, to reflect the changing market.
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04-26-2013, 01:07 PM | #12 | ||
Grand Sorcerer
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Ventures have gotten used to the (Robin Hood in reverse) idea that when consumers choose not to willingly support your product (or special interest) with their money, they can always enlist the state's coersive power to take the money from the citizenry to benefit them. After all, it is easier to panhandle a handful of politicians than to adapt to changing realities and emerging opportunities. Once you start using the government to shield and/or support companies (and special interests) regardless of efficiency, utility, or economic merit, the slope gets very steep and very slippery very fast. Patterson bemoans that nobody from Big Publishing is stepping up to panhandle the government. Well, over at the Passive Voice blog, Barbra Annino has this dead accurate observation: http://www.thepassivevoice.com/04/20...comment-100425 Quote:
At least the BPH crowd understands they would be laughed out of congress *for now*. I don't doubt they will eventually get their (very quiet) bailout snuck into one of the usual pork barrels but it won't be now and it won't be by wrapping themselves in "culture". |
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04-26-2013, 01:30 PM | #13 |
Nameless Being
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It could also be that citizens demand these bailouts. Sure, a great many of those citizens will complain about them, and even campaign against them, yet they always seem to support it implicitly when they choose the candidates who seek to create jobs through tax breaks and preserve jobs through bailouts. And who would blame them: the first order of business is always a roof over your head and food on the table.
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04-26-2013, 01:45 PM | #14 | |
Grand Sorcerer
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If there were really a broad-based need among the taxpayers, you'd be looking at a Cyprus type of disaster. Those are (so far) rare. Fortunately. Once the structures are in place for one reason or another, they *will* be used. Repeatedly. Over and over, for less and less critical "crises" until they are routinely used for trivialities. Subsidy culture is self-perpetuating the world over. Last edited by fjtorres; 04-26-2013 at 01:49 PM. |
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04-26-2013, 01:57 PM | #15 |
Man Who Stares at Books
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The U.S. government already subsidizes the agricultural, mining, petroleum and defense industries. I see nothing wrong with Congress paying certain authors not to write books, just as they pay farmers not to plant crops. I will even pay Patterson not to author another Alex Cross book.
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