Sunday, January 29, 2012

The march of digitally driven creative destruction continues

No new news here but a good article on on how Barnes and Noble and the publishing industry are still struggling to adapt to the incredible disruption brought about by and the e-reader revolution.

Personally, I am rooting for B&N - I like retail bookstores and I enjoy reading print books. Hopefully the book industry can crack the code but based on what we have seen with other industries it may just be a matter of time before retail bookstores are a thing of the past. While the notion of creative destruction comes with the promise of economic innovation (at least according to Schumpeter), sometimes the upside of that innovation is in the eye of the beholder.

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