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Political espionage author and journalist Henry Porter solemnly points out: "To begin to write a book these days seems more than the average folly. Publishing appears to have been hit by a storm similar to the one that tore through the music industry a few years ago and is now causing unprecedented pain in newspapers We are told that fewer people are reading, that book sales are down, that the supermarkets which sell one in five copies of all books care more about their cucumber sales, that the book is shortly to be replaced by the ebook and electronic readers sold by, among others, Amazon, which seems bent on reducing publishers to an archipelago of editorial sweatshops and the writer to the little guy stitching trainers in an airless room.
Publishing seems to be one of the great mysteries of commerce. Despite the large numbers involved – a total of £1.752bn was spent on 235.7m books in 2009 in the UK, that's nearly four books for every man woman and child – the business today is a testament to self-deprecation, with only a few people willing to assert the unique value of books and their content."
More from the Guardian Observer.