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America’s subprime reading problem

A proposed bailout for the publishing industry:

The role of the ratings agencies cannot be overlooked in creating this crisis. The Pulitzer, Booker and National Book Foundation committees continued to award top ratings to these novels, even as unread copies piled up all over America.

These unreadable novels are clogging up our literary system, and undermining the strength of our otherwise sound literary institutions. As a result, Americans’ personal libraries are threatened, and the ability of readers to borrow, and of libraries to lend, has been disrupted.

(via erasing)