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A lot of people who would not otherwise read Lord of the Rings or Moby Dick are at least ATTEMPTING it today. So, I wouldn't look at it as a downtrend. I also have never finished Moby Dick, not because it is boring or slow, but that the writing is difficult. I've read LOTR twice and listened to it once, but would not attempt it again due to short-term memory issues. Strangely, I have no problem with Dostoevsky and his books tend to intimidate a lot of people.
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