The Stick Your Head In The Sand Approach To Saving The Newspa...

a few people have submitted a rant by another old school newspaper guy, saying that the internet is the "cause" of all of the newspaper industry's woes, and that things would have been fine if all newspapers had simply stayed off the internet entirely. Now, obviously, these are journalists, rather than economists, but anyone with even the most basic understanding of economic principles or just the basic history of markets and innovation would know what happens to companies that ignore how a market is changing. The buggy whip makers didn't thrive by ignoring the automobile industry. They went out of business.

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