The Crazy Economy of Book Publishing – Foreign Policy


More: Will Argentina ever be able to stabilize its currency?

For the news data point this week, FPit is Cameron Abadi and Adam Tooze examine Penguin Random House’s proposed merger with Simon & Schuster as well as the tragic attack on famed novelist Salman Rushdie. The two then discuss the general state of the publishing industry and the impact of digitization on the business model of major publishers as well as their relationships with libraries.

In the second segment, the two discuss the astronomical inflation currently taking place in Argentina. Tooze takes a historical look at the Argentine economy and details the decline that has lasted there for almost a century. The two also talk about how food price uncertainty has had a negative impact not only on GDP, but also on mental health.

About Ones and Tooze:
Foreign Police Business columnist Adam Tooze, a history professor and popular author, is encyclopedic on virtually everything: from COVID shutdown to climate change to pasta sauce. On our new podcast, Tooze and FP Deputy Editor Cameron Abadi will examine two data points each week that explain the world: one from the week’s headlines and the other from just about everywhere. where Tooze takes us. Check out Adam Tooze’s column here.
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