Saturday, January 03, 2009

The wisdom of Instapundit:

"It’s interesting to me that we see far more anger from Old Media folks aimed at bloggers, etc., than at Craigslist, even though Craigslist has done far more economic harm to the newspaper industry than bloggers, who probably add eyeballs rather than (as Craigslist does) subtracting them. My suspicion is that the Old Media folks care more about prestige and position than money, and bloggers have hurt them in the prestige and position department. Of course, caring more about prestige and position than money isn’t a formula for a flourishing business . . ."
Electricity ruined the livelihood of thousands of candlemakers. Craigslist ruined the big city newspaper's business model. Call it creative destruction.

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