borders’ bankruptcy shakes industry–i ask why no bail-out?

After Borders, the 40-year-old retail chain that helped define the age of the book superstore, filed for bankruptcy protection on Wednesday, the struggling book industry was left wondering what was next — and maybe even who was next.

If GM was bailed out, why not bookstores? If GM could come back to big profits, why not books?

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Categories Miscellany

2 thoughts on “borders’ bankruptcy shakes industry–i ask why no bail-out?

  1. Practically speaking, the answer is obvious. But deep down, I suspect even those who didn’t like Borders are aching inside…

    1. I think the assumptions may be obvious, but I’m not sure that the answer is. People assume that there are more people employed in auto mfg, but stats don’t necessarily bear that out. Books and publishing and the arts in general bring in a huge amount to the economy and it’s locally produced, parts and all.

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