Yeah; I agree. He would have a good argument except for the fact that the value of a single piece of content is declining across the board. That is fucking with

Yeah; I agree. He would have a good argument except for the fact that the value of a single piece of content is declining across the board. That is fucking with a lot of established business models, specifically with the publishers. The value of a music album has decreased significantly because anyone can create one in their bedroom with free software and under $1000 worth of equipment. Same with a book - all you need is a laptop and you can self-publish either through e-books or on-demand publishing. Even video content - you can film entertainment content with your cell phone and distribute it on YouTube. It's a zero-sum game with entertainment, because the public only has so many hours in a day that they can spend consuming media content. So 30 minutes spent watching YouTube videos where the author makes MAYBE $0.05 per view means 5 minutes less to spend watching content with a higher value. Publishers will never go away for "premium" content: they do serve a marketing function where they can spread risk among a number of options. But their importance in a highly segmented market like book publishing is likely to decrease.