3 ms·
Sure, but is it equivalent to how much value it provides? Would the world be better or worse off if news media shrunk to take up only the amount of resources pe
by space_fountain 4y ago
Sure, but is it equivalent to how much value it provides? Would the world be better or worse off if news media shrunk to take up only the amount of resources people are willing to give it as charity? It seems like not. Local news has been decimated, people increasingly only pay attention to national issues helping accelerate polarization. It seems like a lot of the value news provides is given by just the titles which is tricky for the companies involved
- rossdavidh 4y agoI think it is plausible that a "public radio" type funding model could work, but only after you have a working news source that people find worth supporting. This is a chicken-and-egg problem (aka a bootstrapping problem). But, my earlier statement was only intended to describe the current state of things, and is no way an endorsement of that state. I agree a greater focus on local news would be preferable, for many reasons.