A little while back Literary Rejections on Display had some interesting stuff going on in the comments . A commenter who works in publishing wrote: "The publishing world is as good as it can be."
As someone who lived for ten years mostly off the fat of publishing-land, I'm not going to complain too loudly about it. But let me draw your attention to Exhibit A: The OJ Book.
Rejecting that book would have been a good first step toward rehabilitating the industry.