What’s Wrong With Traditional Publishing

Yesterday I was philosophizing over at Nicola Morgan’s blog about the state of publishing vs self-publishing, and how the two differ.  The conversation there has wound down, but I’m interested in continuing the thought process some more.  Here’s one part where I think I made some sense:

The analogy I’ll use is that the established publishing industry is like a car that has a rattle in it somewhere. It’s fundamentally sound, but there’s a glitch inside that different mechanics diagnose different w