Love the references to Craig Newmark and Caterina Fake. How many people in 2018 could say what they're known for without looking it up? It just shows how perish

Love the references to Craig Newmark and Caterina Fake. How many people in 2018 could say what they're known for without looking it up? It just shows how perishable the contemporary wisdom is... which is of course Clay's main point. It looks right now like the thing that might save journalism is the revolution itself. A stable society actually doesn't need much journalism, but people didn't object to it because the cost was invisible to them; it was buried in the decimal places of the price of everything. Now, in a society in which social upheaval has become obvious, people are seeking out journalism and paying for it. We're in the process of finding out how much journalism people actually want--i.e. how much they are willing to directly pay for. It might not be very much, in terms of jobs. A person who just wants to know what is going on does not necessarily need 15 news organizations competing to be 1 sec faster to tell them. And as national upheaval attracts attention, there's not as much left to spend locally. For many folks, corruption on the school board pales before corruption at the highest ranks of the federal government. More attention and money for the NY Times, less for the local paper.