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The costs and difficulty of literary translation are clearly part of the problem.
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Had kennyc not recently posted an article about how how booksplosive Finland is?
Having started to read in english I was simply overrun by the perception of how many good books never made it into translation FROM en. Taking this as a base line (keep in mind how widely known english is) the amount of books never translated INTO english (take your pick of source languages here) has to be an astronomic figure.