[givemeethekeys]

Lots of people won't pay for something they can otherwise get for free, even if the free option is mediocre.

This does not mean that journalism isn't valuable enough to some people. It just means that the market for journalism shrank.

[chongli]

It's the diamonds vs water paradox of value. Diamonds are highly valued yet practically useless to most people. Water is extremely low-valued, yet essential to all life on earth.

High-quality, investigative journalism is an essential institution for a functioning democracy, yet it's not valued by the people it is most important to: average citizens.

[hackable_sand]

Water is extremely high-valued.

[hollerith]

You're in luck! I have water to sell you. Get out that checkbook!

[yMEyUyNE1]

How about a bullet? :)

https://theworld.org/stories/2024/08/27/a-rise-in-water-rela...

[hackable_sand]

Water is given or taken. It does not transact.

[hollerith]

Let me guess: so say the natives of Arrakis?

[jeffhwang]

This is the short-sightedness of market fundamentalism. To take this to a ridiculous extreme, if I decide that taking care of my children is no longer ROI-positive, should I just decide this market has shrunk and the prudent thing to do is invest in new markets?