Tag Archives: economics

2009 – the year the physical bookstore lays down and dies?

bookstore signWe already know there’s trouble in the world of publishing, and according to the New York Times there’s just as much grief in the domain of the bricks-and-mortar bookstores… and it’s all the fault of us dedicated readers who buy second-hand novels online or swap between circles of friends, not to mention students cutting costs by picking up pre-owned titles that would normally swell the backlist sales figures. Is publishing having its Napster moment? Is this the beginning of the end? [image by jayniebell]

Well, as with all things, it depends who you ask. Mike Masnick at Techdirt suggests that the death of bookstores doesn’t have to be the death of books:

Past studies have shown that an active second hand market helps to boost the sales of new goods, because it makes those goods more valuable to folks who recognize they’ll be able to resell them on the second hand market later. That may not be helpful to physical bookstore retailers, but those retailers have to learn to adjust with the times as well. Obviously, just selling books is going to make less and less sense, but we’ve seen retailers that have worked hard to turn their stores into destinations, where there were good reasons to go and buy stuff, rather than just being a physical version of what you could get online.

It’s an interesting response – though I’d point out that it’s exactly that type of “destination” branding that has killed off the UK library service so effectively. But then again, libraries aren’t businesses in the same way as bookstores.

Where do you buy your books?

Survive the downturn – rent out your swimming pool

empty swimming poolIf you’re looking for a way to make some extra income in the coming years, you could always consider turning that swimming pool in your back yard into a miniature subterranean apartment and renting it out to the recently-foreclosed-upon. Mooted as a potential solution to the housing shortage in Sydney, Australia, it strikes me that it might also make great economic sense in other warm countries and regions. [via BLDGBLOG; image by Addictive_Picasso]

Of course, I don’t have a swimming pool. But if anyone reading this post in California has an empty backyard bowl that they struggle to keep the skaters out of, I have some great references from my previous landlords…

GOSPLAN emergent?

The ever-interesting Yorkshire Ranter makes a good point (nearly a month ago, but nevertheless…) that certain elements of retail behemoth Tesco’s logistical setup bear a theoretical resemblance to Soviet-style command economies:

An unremarked-on aspect of the 1.5% interest rate cut last week. Namely, are we already living in a near-real time planned economy, as Stafford Beer foresaw? It sounds like I must be joking. But how else are we to interpret Sir Terry Leahy’s trip to see the Bank of England and the Treasury? Tesco boasts that one in every eight pounds spent in the UK passes through its tills; this bit is always in the papers. They rarely mention their huge management-information system, except to the trade.

If you wanted close to real-time information about the consumer economy, I can’t think of anything that would work better.

It’s quite a leap of the imagination, but this segues very nicely with Ken MacLeod’s recent comment on the future of IT security. MacLeod suggests that we are seeing a move in politics away from decentralised, bottom-up, market-based solutions and towards centralised, top-down, state-based solutions:

What if right now, we’re at a moment when trends that looked inexorable have reached a turning point? What if the common sense of the age is about to flip from free-market capitalism to state-regulated capitalism? Of course, turning that into actual policy won’t happen overnight, or smoothly – too much political legacy code – but if it does happen then over the next ten years or so we’ll be in an age of big government projects, some sort of new New Deal. We’d find ourselves back in the day before yesterday‘s tomorrow.

Further reading with decidedly SFnal tones includes operations systems specialist Stafford Beer‘s Project Cybersyn for the Chilean government and the USSR’s five year plans.

[image from kevindooley on flickr]

Book publishing implosion – how can you help?

If you follow almost any industry or author blogs at all, you’ll be aware that things are looking pretty bleak in the world of book publishing right now, with resignations and lay-offs and all the rest.

Although it’s probably fair to say he has a certain degree of bias, Scalzi has some sensible advice for those of you who’d like to help mitigate the situation – buy more books. Even if you don’t care about the state of the publishing industry, they’re an affordable gift for a hard-times holiday season.

Publishers suddenly bullish on ebooks

iPhone ebook download screenWe’ve had years of foot-dragging and protests that ‘no-one wants to read from a screen, anyway‘, but all of a sudden (thanks partly to a Zeitgeist gizmo and an economic slump, perhaps), publishers are looking afresh at the ebook. [image by henribergius]

I mentioned Pan Macmillan’s new iPhone offer the other week, but it looks as if they’re not the only publishing house realising that, actually, people will pay for accessibility and convenience after all. Who knew?