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Good points, everyone. But I think you're forgetting that new publishers will come along and create new business models, and if they work, the old publishers will either get on board or give up the market. Today's paper books are the equivalent of horseshoes against the e-book's automobile. We can't depend on the modern version of the blacksmith to do the job... we need to depend on the next Henry Ford.
And by the way, a lot of those blacksmiths ended up working for the car companies...
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