Alex Pareene

Billionaires Gone Wild

[Commentary] This is the dark timeline: Journalism-agnostic media investors learn news can’t “scale” and then jump ship just as soon as they’ve finished killing off both the corporate and independent legacy press businesses, leaving the fate of the industry to ungodly rich people with very idiosyncratic personal agendas. What’s happening to the press is reflective of the broader transformation of our society. Rule by supposedly benevolent technocratic elites is giving way—in large part due to the fecklessness of those technocrats—to straight plutocracy.