Our institutions have failed us. Not just with faulty presidential intelligence reports, companies knowingly selling tainted products and billion-dollar Ponzi schemes. But with the contraction of our newspaper industry at a critical juncture in American history.
The foundation of our democracy rests on free access to accurate information and the factual events of our world.
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This is an interesting commentary about newspaper problems. It includes some ownership ideas. However, it does not discuss about why some many papers are owned by a limited number of owners. Do you remember, when an owner of a paper purchased a radio of television station within same city or area, they were required to sell the paper?
Bowman looks at the journalistic benefits of newspapers and the economic problems causing them to disappear. The case in point is the Seattle PI, but the problem is national. He looks at some alternative ownership models.
Slightly off topic, our economies as a whole are, or at least have an element of a ponzi scheme (pyramid scheme) in so far as they have to be ... More »
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