The Literary Death Spiral

Very interesting piece by author Norman Spinrad on the publishing industry and the problem facing authors at the moment. It is reports like this which makes me question whether publishing is really an industry  I want to try and get work in. Perhaps it is no longer about the literature and purely about the numbers, I certainly hope not, and being the optimist I am I think i'll  close my eyes to the mounting evidence and blindly make my way through the publishing maze and hope to find myself amongst people who truly love literature and put it ahead money.