Borders, it seems, is on the financial ropes. Stuck with stock it can’t unload and, so far, uncompetitive on ebooks. Will they be missed? Says Megan McArdle, not much:
“In the good old days of local bookstores, I frequently went without books that I knew I wanted, because it was such a pain in the butt to order them. Now if I know I want to read a book, I can do so in short order. Ultimately, this is a bigger boon than the occasional undiscovered gem–particularly since there are still libraries.”
Like me, she prefers the almost-instant Internet acquisition of a book you know you want via something like the Kindle, something no bookstore can match. Yet. If they want to survive, they’d better figure out how to beat Amazon at its game.
Via Instapundit, who notes that employee lefty politics may also be involved at Borders.
THE TEXAS SCRIBBLER 