Yesterday, Passive Guy replied to an email from a law student who wanted to become a publishing attorney upon graduation and asking for advice.
After bloviating a bit, PG wrote the following:
There’s an emerging meme that says traditionally-published authors are stupid to keep dealing with traditional publishers. It doesn’t have a great deal of traction at the moment, but I think it’s going to grow. In the nature of these things, it’s liable to float around for awhile before suddenly growing to immense proportions.
Of course, if such a meme becomes widespread, it upends the traditional social/prestige hierarchy between traditionally-published and indie authors and puts the indies on top.
PG suspects that more than a little of the vitriol directed toward Amazon and scorn toward self-published books by trad authors is driven by insecurity and fear that a new world is coming, one for which they are almost entirely unprepared.
But PG could be full of beans.