The demise of the newspaper will make us better off

Much has been made of the impending demise of the newspaper, as the Old Media (With a few exceptions) has steadfastly refused to embrace the new opportunities of digital delivery of content.  Many seem to think that, without newspapers, we will have no accountability, no one to peel back the layers and expose the wrongdoing in the world and in our government.

Meanwhile, Comedy Central and The Daily Show are making a pretty strong case that we may actually have more accountability.

Stewart’s point was that Wall Street got fat off of all our pension plans, 401K’s and long-term investments, while the “Fast Money” crowd cashed in our long-term investments — and CNBC was complicit in the entire gambit…

Click through below and watch the video, which I believe includes unaired content, and watch Stewart skewer Jim Cramer over CNBC’s role in our financial mess.

Far from needing newspapers to keep everyone honest, perhaps the time has arrived when newspapers are actually holding us back.  If they go away, we won’t see an end to journalism.  In fact, with greater freedom, unshackled from the old ideas of what journalism is, we may see a renaissance.  In some ways, with anyone who cares to observe and share the world, we already have.  People can complain about the quality of much of this sharing all they want, but the fact that much of it is well-produced, well-thought-out, and spot-on is inescapable.

The world does not need newspapers.  It simply needs good journalism.  And that shows no signs of going away.

via Jon Stewart slaughters crazy finance guy Jim Cramer — video – Boing Boing.

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