Comics and the economic recession
The Comics Reporter writes several points about why the economic recession does not bode well for the future of comics:
No, comics are not recession-proof, and with this kind of US government being elected, it's not likely to get any better.
1. Comics clearly aren't recession proof. I would argue they never were. Some of comics' darkest days came during recessionary periods in the '50, '70s and '80s.Reading this at a time after learning about the sad loss of the GOP in the election, I'm going to have to note myself that - under an Obama-led government, the economy is not likely to improve, and if not, then comics cannot expect to do much better. And with prices going up, I think it's possible that, in another 2 years, pamphlets will certainly fade out, because who's going to pay 4 dollars for so little story content?
2. There are a number of reasons to believe that comics are currently more susceptible than ever before to drastic effects resulting from economic downturn.
3. One reason comics may be at greater risk right now, and this has been noted just about everywhere, is that comic books no longer cost a thin dime. They frequently cost $2.99, and soon may cost between $3.50 and $3.99 for a single issue. Trade collections and original graphic novels commonly sell at price points between $7.99 and $24.99. Specialty volumes can go all the way up to $200. Together I think those figures disqualify comics from any and all assertions based on their being cheap and disposable entertainment. The act of buying comics in the 21st Century is a conscious, expensive and involved consumer choice. It is exactly those kinds of choices that are at risk during times of economic distress.
No, comics are not recession-proof, and with this kind of US government being elected, it's not likely to get any better.
