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New at Reason: Michael C. Moynihan on the Stupidity of Involving Government in the Newspaper Business

According to University of Illinois professor Robert McChesney and The Nation's Washington correspondent John Nichols, American journalism is “collapsing," an institution that “is all but extinguished.” This is an emergency, they say, because it's the media that “sustains” this country’s “democratic infrastructure.” This is a dubious argument, writes Michael C. Moynihan, and their proposed remedy—a government stake in the news business—won't reverse the trend of readers defecting to non-traditional media outlets.

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