Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
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The End of (Most) Newspapers
Clay Shirky has a brilliant essay on newspapers and the internet: go read it now. Here's a taste:
When someone demands to be told how we can replace newspapers, they are really demanding to be told that we are not living through a revolution. They are demanding to be told that old systems won't break before new systems are in place. They are demanding to be told that ancient social bargains aren't in peril, that core institutions will be spared, that new methods of spreading information will improve previous practice rather than upending it. They are demanding to be lied to.
I am hopeful, amid the fear; but that doesn't mean the fear isn't justified. The wreckage in the newspaper industry is already devastating, and it's only going to get worse; my base case is a last-man-standing scenario in which the big boys (NYT, WSJ, Guardian, BBC, Reuters) win, and most smaller publications lose. I just hope that the NYT is big enough to survive the storm; its loss would be irreplaceable.
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