They sold too many web development books in the 90's to Amazon employees.
Well put. Definitely a good point. Books have enabled and empowered us all since Gutenberg. And now we turn the page, perhaps, with a possibility to revise the way the media market operates.
The demise of a bookstore is not pleasant. Speculate if you will about technology overpowering print. There is still a long way to go before all books are available digitally. Also, a digital copy anchors you to an Internet account and/or to a fragile device, while not always letting you read on a large screen.
It isn't all about how great digital books are and how cheap it is to buy online. It's about the economy and the applicability of knowledge. When you want to solve a problem, you don't read up from a set of books, you Google.
On the downside is the desire of authors to write. We all need to agree to a system that compensates authors to the point they do not complain about digital copies floating all over the place, basically implying they are being rewarded while consumers are not forced to pay exorbitantly in order to fill a hard disk. A book case is quickly filled with physical books, which deters acquisition, but people are voracious if it comes to filling a little gadget that is even smaller than a book yet can hold a library. Setting up social and political mechanisms, aka culture and legislation, for the economics of media will have profound impacts on the economy in general.
I suggest that the real-time consumption of media be tracked or monitored (anonymously). Authors and artists would be compensated from tax base, with a proportional relationship between payment and popularity. That would take care of the icky problems of copyright, pricing, and incentives to create new works. All at once, people would be free to acquire, though it is their interest in specific items that is used to compute the distribution of funds. This should boost the economy, as people will develop interests and have the knowledge to start initiatives, thus taking care of the tax issue. It's a positive feedback loop, which should be a lot more effective than the negative feedback loops messing up the world.