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I frankly wish Google books would start scanning old periodicals, newspapers, broadsides, posters, maps, etc.
Of course, I would rather look at the real thing, but seeing it online helps to know what is worth really looking at.
I understand that there is a real problem concerning Google having a monopoly on internet access to certain books, but overall I think what they are doing is a good thing, especially with texts that are in the public domain.
I see this issue tied to the problems faced by the print media in general in the digital/internet "age." There is probably one great solution out there just waiting to be found.
The problem is that they'll have no competition.
There's also a concern as you note with the discarding of paratexts when a corporate entity decides to digitize books, whether we're talking about dust jackets, watermarks, variant paper stocks, marginalia, end-papers, broadsides, etc.
Those huge warehouses that will become obsolete will also house many unknown rare and precious books that are still in general stacks. You can go into any old library and putz around the old dusty shelves, and you'll find unbelievably rare books.
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