This article was published on Impakter (under my real name, Claude Forthomme):

To Publish and Perish
Amazon and its 3.4 Million E-Books: the End of Culture?
Or to put it another way: It takes one hour to add 12 books, one new title every five minutes.
You can bet that in 10 years time the number of titles in the Kindle Store could be anywhere between 20 and 40 million books.
Surprised? I’m not, not really. Internet guru Jaron Lanier, in his fascinating book “Who Owns the Future” suggests that we should eventually expect as many writers online as there are readers. If he’s right (and there’s not reason to believe him wrong), we still have some way to go. But it will surely happen, and probably sooner than you think.
When that happens, what will the e-book market look like? Lanier reminds us that this is what happened to music already.
Are books like music? Not quite, books are a more complete codification of ideas, they can play on emotions the way music does (for example, a romance novel or lines of poetry) but they also encapsulate ideas and ideology (from Hegel to Marx to contemporary thought gurus, like Lanier himself).
So can we expect our culture to get crushed under the numbers?
Again, Lanier tells us how he sees the future. Books will be increasingly linked to devices – think of how the rise of e-books was linked to the Kindle. When that happens, says Lanier: “some good books from otherwise obscure authors will come into being. These will usually come to light as part of the rapid-growth phase, or “free rise” of a new channel or device for delivering the book experience.” He doesn’t say it, but of course Amanda Hocking and John Locke‘s sudden rise to fame immediately comes to mind. They enjoyed a “heightened visibility” on the Kindle, as they were “uniquely available early on on that device.” And Lanier to conclude: “In this way, an interesting author with just the right timing will occasionally get a big boost from a tech transition”.
Is that good for authors? No, says Lanier, “the total money flowing to authors in the system will decline to a fraction of what it was before digital networks.” The future reserved to authors is exactly the same as what musicians are facing today: “Most authors will make most of their book-related money in real time, from traveling, live appearances or consulting instead of book sales.”
Authors in future will be a vastly different lot from what they are today, no more hiding in the ivory tower as “independent scholars”
…
Read the rest on Impakter, click here.