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If any book of the 20th century will survive the test of time, it's Lord of the Rings. It's endured despite being looked down upon, now you can study it in college literature classes.
I don't think it's all that hard to weed out the bad books. When we look back at the past, we only see the best, and it gives the impression that the books were all really great. But there were a great many books that are simply forgotten. There are a great deal more books, but we also have more tools at our disposal to help us make our decisions.
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