Lawyers: To Save Newspapers, Let's Destroy Pretty Much Everyt...

A lesson worth remembering is at the turn of the 20th century people had a transportation problem... and the solution turned out not to be a "faster horse"... but a Ford.

And one should note that the Ford didn't arise out of the "Horse Industry Revitalization Act".

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An individual reader now has access to essentially an infinite amount of content on any given topic or story. All those silos of isolated editorial content have been dumped into the giant Internet bucket. Once there, any given piece of content can be infinitely replicated and re-distributed to thousands of sites at zero marginal costs. This breaks the back of old media's monopoly control of distribution and supply.

The core problem for the newspapers is that in a world of infinite supply, the ability to monetize the value in any piece of editorial content will be driven to zero... infinite supply pushes price levels to zero!

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