does it have A cultural place-- but of course.
does it have THE same place it held in the XIX century? but of course not.
you have to consider competition from the explosion of the "non-fiction" book, plus films (drama and documentary), and now computer games?
i've actually been thinking about this for some time with regards to film. it seems that it's current pervasiveness is the mark of its impending demise-- well not demise, but it's bound to be bumped off the top pedestal in favor of something else-- interactive forms seem to be the future of something, but they are yet too primitive to truly present a challenge. im thinking AIs-- interacting with madame bovary instead of reading about her for example-- might be a future possibility-- say 50 years from now?
as for the novel-- it hasn't gone the way of the epic poem yet.
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