So says Melissa Foster in a post over on Huffington Post. Her primary thrust seems to be against the 99 cent novel. (I had thought it might be aimed at the atrocious conduct of too many SPAs (spamming, attacking reviewers, amassing paid and shill reviews etc.), which continues to be a concern.)
To which Passive Guy makes the following retort:
PG suggests the evidence demonstrates that traditional publishing grossly mishandled literature in the United States as it moved from a diverse collection of small publishers to a few large publishers owned by even larger international media conglomerates that care for nothing more than quarterly revenue and profitability. The combination of price increases substantially outstripping the rate of inflation and a stifling environment of homogenized me-too copycat titles was destroying the culture of reading in the United States.
Indie publishing has reinvigorated American publishing and is rebuilding the publishing industry in a different, author-centric form. Big Publishing has devalued the author of the written word. In a thousand different ways, megapublishers disrespect authors, forgetting that books don’t come from editors and agents and vice-presidents and bribes to the New York Times to obtain favorable reviews.
Twenty-five years from now the creative destruction of legacy publishing we are witnessing today will be regarded as a major cultural turning point, a literary renaissance. We will celebrate countless brilliant books created by authors who would never have been published by the corporate cretins that slithered into control of the levers of Big Publishing.
I tend to agree.