Lumifer comments on "Smarter than us" is out! - Less Wrong
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Memetically, yes, but note that nowadays you can set up print-on-demand through Amazon and sell paper books without having to go through a publisher. And, of course, vanity publishers have existed for a long time.
And print-on-demand and vanity publishers don't have credibility, for exactly that reason.
Publishers don't, but they produce paper books which provide the credibility we're talking about. The percentage of people who'll be able to recognize the publisher as a vanity publisher is vanishingly small.