Friday, May 22, 2009

Comments on The Belmont Club,
"The news about the news"

(who had an early fun but poor paying job in journalism)
There are now millions of trained, experienced, educated people in their 40s 50s or 60s who are getting desperate and are willing to do work, either fun or tedious, for lousy pay. They are competing with the half educated twenty or thirty somethings who expect big money for little effort in Journalism or more likely Media and Communication Arts. A whiff of Depression might correct many of the defects that have crept into Western society. This will be at a terrible cost however.

The industry creates noise in the system, and wants to sell the noise.

What rankles about the NYT, major networks, and NGO revolving door to government or cushy academic chair camarilla is their sheer arrogance and hypocrisy. All these self important mediocrities have two things in common.
1) They get most things wrong. For all their credentials they are
     poor at accumulating important facts and terrible at analysis.
2) They are just hired labor. They are grossly overpaid and often
     semi-skilled hirelings of the real businessmen.
     Their job is to sell eyeballs to advertisers.

As Elmer Wheeler said, "Don't sell the steak, sell the sizzle."

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