In this age of unbridled optimism about digital self-publishing, there doesn't seem to be many voices suggesting that this revolution is anything but completely positive. However, some new objectors have begun emerging to relay messages of caution.
Earlier this week in The Guardian author Ewan Morrison had a major warning for self-publishing authors. In the article, Morrison compared the current flourishing climate of self-publishing to economist Hyman Minsky’s seven stages in an economic bubble. And it is hard to deny that Morrison makes a very compelling case.
We are certainly in an e-book flood right now. (According to Publishers Weekly in 2011 print sales declined by 54.3% but e-books climbed by almost 140%.) And just a quick look online shows that self-publishing e-books is an incredibly popular topic of conversation. Even a glance at the rise of e-book and self-publishing coverage here at RT BOOK REVIEWS confirms that digital publishing is something our readers can’t get enough of.