Putting a Price on Words

This isn’t a lament about declining standards of quality or the rude incursions of amateur bloggers. In fact, thanks to the Internet, people probably read more good journalism than ever. That’s precisely the problem: the sheer volume of words has overwhelmed a business model that was once based on scarcity and limited choice.

Published: May 12, 2010
Length: 19 minutes (4,903 words)
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