Elite people don't take books as seriously anymore. That's what's happening. The prestige of serious books is diminishing. The referencing of serious books in mainstream culture is diminishing. If 8 billion people all read one shit book that's all well and good - literacy is saved. But if the people who currently influence events do not read good books, care to be seen to read good books and consider the opinions of the writers of good books important ... then I think it's not good.