The economics of more new games, but no new gamers

Jeff Vogel boils down the indie gaming debate (on PC) to a simple equation:

X dollars, Y developers. That’s all that matters. And if X stays constant, the only way to solve the problem is for Y to go down. I’ll give you a second to work out the consequences of that for yourself.

He’s done a wonderful piece on the whole ecosystem, but it does come down to more new games, no new gamers.