You know very well that the bulk of the books and newspapers industry revenue goes to huge corporations. Niche authors are not read by anyone in the current system and are not viable business for a moms and paps small niche publishing company.
Retailers, distributors, publishers, editors must go. We all know they are completely irrelevant.
Advance payment, publicity and marketing, lawyers whatever else is also completely irrelevant with the advent of Web technologies.
Advance money is managed by Web 2.0 quite simply by proven track record of popularity, quality and number of fans. And that Web 2.0 money is going to be financed through a tax that is much more efficient and which basically is the same as a global standardized subscription plan.
See more at
https://www.mobileread.com/forums/showthread.php?t=38831