Michael Kinsley's Creative Destruction of Newspaper Bailouts
[L]et's say […] that technology is on the verge of removing some traditionally vital organs of the body politic. What should we do?
How about nothing? Capitalism is a "perennial gale of creative destruction" (Joseph Schumpeter). Industries come and go. A newspaper industry that was a ward of the state or of high-minded foundations would be sadly compromised. And for what?
You may love the morning ritual of the paper and coffee, as I do, but do you seriously think that this deserves a subsidy? Sorry, but people who have grown up around computers find reading the news on paper just as annoying as you find reading it on a screen. (All that ink on your hands and clothes.) If your concern is grander -- that if we don't save traditional newspapers we will lose information vital to democracy -- you are saying that people should get this information whether or not they want it. That's an unattractive argument: shoving information down people's throats in the name of democracy. […]
But will there be a Baghdad bureau? Will there be resources to expose a future Watergate? Will you be able to get your news straight and not in an ideological fog of blogs? Yes, why not -- if there are customers for these things. […]
If General Motors goes under, there will still be cars. And if the New York Times disappears, there will still be news.