I just wanted to note that The Strangerhas published two book reviews in a row complaining about the poor editing in those books. I don't think that's a coincidence; I think many traditional publishers have given up on editing because it's a lengthy, involved process and the cost-to-benefit ratio is not readily apparent when you're looking at these numbers on a spreadsheet. (I'm not just talking about copy-editing, here. Authors need guidance, and an editors' job is to save the author from their own worst impulses. A good editor saves the author from looking like an asshole on quite a few different levels.) Books are going into the world unfinished, and that's becoming the status quo at a lot of publishing houses.
This is a real shame. Modern self-publishing provides many of the benefits that publishers do: An attractive product, distribution, copy-editing. What self-publishers do not provide is competent editing, and if publishers decide to give up on editing manuscripts before publishing them, they may as well just admit defeat to self-publishers right now.