Matt Pearce

Maybe it was an earlier part of the internet. I just think back to this period 20 years ago, like 2005, where we did have the World Wide Web, Google was bumping around, but we also had a ton of news organizations that were very luxuriously staffed and a lot of them increasingly publishing stuff on the Internet.

Maybe it was an earlier part of the internet. I just think back to this period 20 years ago, like 2005, where we did have the World Wide Web, Google was bumping around, but we also had a ton of news organizations that were very luxuriously staffed and a lot of them increasingly publishing stuff on the Internet.

And you have this combination of an open Internet along with a bunch of like really well-resourced news organizations doing a bunch of high quality journalism. And in my head, you can just never go backwards. It's never going to happen and it's never going to look like that again. But that is the equilibrium, the temporary equilibrium that I think about sometimes where it was a sort of less

And you have this combination of an open Internet along with a bunch of like really well-resourced news organizations doing a bunch of high quality journalism. And in my head, you can just never go backwards. It's never going to happen and it's never going to look like that again. But that is the equilibrium, the temporary equilibrium that I think about sometimes where it was a sort of less

And you have this combination of an open Internet along with a bunch of like really well-resourced news organizations doing a bunch of high quality journalism. And in my head, you can just never go backwards. It's never going to happen and it's never going to look like that again. But that is the equilibrium, the temporary equilibrium that I think about sometimes where it was a sort of less

less extractive relationship at the time, and it was this relationship that was less mediated by third-party platforms and was less mediated by non-chronological algorithms. That's the other thing that's crazy, too, is that, for example, if you're a news organization, one of the ways that you can build an audience and punch through this incredible noise of modern life

less extractive relationship at the time, and it was this relationship that was less mediated by third-party platforms and was less mediated by non-chronological algorithms. That's the other thing that's crazy, too, is that, for example, if you're a news organization, one of the ways that you can build an audience and punch through this incredible noise of modern life

less extractive relationship at the time, and it was this relationship that was less mediated by third-party platforms and was less mediated by non-chronological algorithms. That's the other thing that's crazy, too, is that, for example, if you're a news organization, one of the ways that you can build an audience and punch through this incredible noise of modern life

is to just be all over breaking news be all over this healthcare executive who was assassinated in the middle of new york in broad daylight be all over rebels finally advancing in syria after years of stasis in that war the problem is that a lot of the platforms that we're now distributing our stuff on no longer distribute the information that's up to the minute it's selected it's sometimes time delayed and like even that

is to just be all over breaking news be all over this healthcare executive who was assassinated in the middle of new york in broad daylight be all over rebels finally advancing in syria after years of stasis in that war the problem is that a lot of the platforms that we're now distributing our stuff on no longer distribute the information that's up to the minute it's selected it's sometimes time delayed and like even that

is to just be all over breaking news be all over this healthcare executive who was assassinated in the middle of new york in broad daylight be all over rebels finally advancing in syria after years of stasis in that war the problem is that a lot of the platforms that we're now distributing our stuff on no longer distribute the information that's up to the minute it's selected it's sometimes time delayed and like even that

alienation of news from the present moment is like a break from the direction of the development of media technology for the last century, where everything was like just getting faster all the time. That has changed. So we have this situation where we can't even get paid for producing the stuff, can't even find the people to consume it.

alienation of news from the present moment is like a break from the direction of the development of media technology for the last century, where everything was like just getting faster all the time. That has changed. So we have this situation where we can't even get paid for producing the stuff, can't even find the people to consume it.

alienation of news from the present moment is like a break from the direction of the development of media technology for the last century, where everything was like just getting faster all the time. That has changed. So we have this situation where we can't even get paid for producing the stuff, can't even find the people to consume it.

So the original example that Baumol used in The Economist was about a string quartet. So imagine a string quartet playing a piece of Beethoven. The act of doing that 150 years ago does not look all that different from now. You know, there's not really a lot of ways to technologically or through other innovation

So the original example that Baumol used in The Economist was about a string quartet. So imagine a string quartet playing a piece of Beethoven. The act of doing that 150 years ago does not look all that different from now. You know, there's not really a lot of ways to technologically or through other innovation

So the original example that Baumol used in The Economist was about a string quartet. So imagine a string quartet playing a piece of Beethoven. The act of doing that 150 years ago does not look all that different from now. You know, there's not really a lot of ways to technologically or through other innovation

make it more efficient to get four musicians in a concert hall to perform a piece that's 45 minutes long in the way that modern economics works if the technology or the business model is not making stuff cheaper it's only getting more expensive over time

make it more efficient to get four musicians in a concert hall to perform a piece that's 45 minutes long in the way that modern economics works if the technology or the business model is not making stuff cheaper it's only getting more expensive over time

make it more efficient to get four musicians in a concert hall to perform a piece that's 45 minutes long in the way that modern economics works if the technology or the business model is not making stuff cheaper it's only getting more expensive over time