I think he truly wants to help people, but I also believe that he expected to rake in lots of cash doing it. I know of one example: a man who’d never even tried to write a book before in his life, but suddenly self-published a short non-fiction self-help book. Yet, there is some validity to his contention that we are in a self-publishing bubble, one where people who are not authors believe they can make a million bucks on Amazon. I assume he means the upfront cost to the consumer who could buy books without an eReader before, but then the article is supposed to be about self-publishers. He states the the actual devices–eReaders, iPads, are the price increase in this analogy, although all of these have been dropping in price. In a nut shell the Guardian article tries to compare the ePublishing craze to a financial industry bubble, but the author, Ewan Morrison, has to jump through some pretty tenuous hoops to explain why prices aren’t increasing, which is standard for a bubble–think house prices or dotcom stock prices. You get to know someone after reading a dozen of their stories and, even more telling, hearing their critiques of your own. I gave it a read though because he and I spent a couple of years critiquing each others short stories in our writers group, the Fledglings, established by author Robert J. So I admit I was skeptical of a bubble-forecasting Guardian article brought to my attention by my friend and fellow writer, Stephen Kotowych. That’s why I’m wary of doom forecasters, because the disaster that’s on the way is rarely the one they’re predicting. Since the mortgage crisis of 2008, all the pundits are looking for the next bubble, probably because most of them are embarrassed that they failed to predict either the dotcom bubble or the housing crash.
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