A brilliant article on Slate recently caught my attention. writes how newspapers gave their readers information to use socially. Kind of like, ‘hey, I know something you don’t'… A sort of social currency.
This role has now been taken over by social media and he points to how social media has allowed more people access to information and to connectivity, thereby alleviating the need for newspapers.
The demise of newspapers it might be, but it reminds me of a great quote…
“The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.”
Warren Buffett
Now just how smart is the mob?
