Apparently, sci-fi author Bruce Sterling (who wrote the great poli-sci-fi novel Distraction) gave a great meltdown of a keynote speech at South by South West on Monday. The title of this post is being repeated on Twitter as the big money quote. The full text or video of the speech doesn't seem to be online just yet, but he apparently declared that the emperor that is modern publishing is absolutely buck naked:
American publishing is in distress. The book stores are going, the big centralised publishers are very heavily indebted and they are small sections of the centralised American media apparatus that have lost social credibility.... People don't pay attention to novels. The socially important parts of American communication are not taking part in novels. You can write them but they are not changing public discourse... You can also say that everybody in society has moved up a notch and everybody just wants the executive summary.
Once video of this (or the full printed text of the speech) goes online, expect the inter-threads to be strumming with great hyperbole. I'll have more to say when that happens.
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