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Lots of people won't pay for something they can otherwise get for free, even if the free option is mediocre. This does not mean that journalism isn't valuable
by givemeethekeys 2y ago
Lots of people won't pay for something they can otherwise get for free, even if the free option is mediocre.
This does not mean that journalism isn't valuable enough to some people. It just means that the market for journalism shrank.
- jeffhwang 2y agoThis is the short-sightedness of market fundamentalism. To take this to a ridiculous extreme, if I decide that taking care of my children is no longer ROI-positive, should I just decide this market has shrunk and the prudent thing to do is invest in new markets?
- chongli 2y agoIt's the diamonds vs water paradox of value. Diamonds are highly valued yet practically useless to most people. Water is extremely low-valued, yet essential to all life on earth. High-quality, investigative journalism is an essential institution for a functioning democracy, yet it's not valued by the people it is most important to: average citizens.
- hackable_sand 2y agoWater is extremely high-valued.
- deleted 2y ago[deleted]
- hollerith 2y agoYou're in luck! I have water to sell you. Get out that checkbook!
- yMEyUyNE1 2y agoHow about a bullet? :) https://theworld.org/stories/2024/08/27/a-rise-in-water-related-conflicts-around-the-world https://theworld.org/stories/2024/08/27/a-rise-in-water-rela...
- hackable_sand 2y agoWater is given or taken. It does not transact.
- hollerith 2y agoLet me guess: so say the natives of Arrakis?