Borders is dead because the folks in charge of the corporation made bad decisions. They overextended themselves borrowing to expand. They failed to shutter mo

Borders is dead because the folks in charge of the corporation made bad decisions. They overextended themselves borrowing to expand. They failed to shutter money-losing stores quickly enough, not in small part because they signed off on long-term leases that made vacation a non-option in many cases. And of course their online presence was managed by Amazon from 2001-2008. The failure of the chain isn't a commentary on the changing book market, it's a commentary what happens to businesses that abuse debt and make decisions for the short term than have negative long-term implications.