The prestige recession

Watching this from inside the media, I’ve experienced two contradicting feelings. First is a kind of powerlessness from working in an industry with waning influence amid shifting consumption patterns. The second is the notion that the craft, rigor, and mission of traditional journalism matter more than ever.

the internet’s sprawling databases, real-time social-media networks, and globe-spanning e-commerce platforms have made almost everything immediately searchable, knowable, or purchasable—curbing the social value of sharing new things. Cultural arbitrage now happens so frequently and rapidly as to be nearly undetectable, usually with no extraordinary... See more

Back in the old days of ‘slow traditional culture’ there were plenty of conversations, music in the parlor and even daydreams about dating. But we didn’t count those. The real stuff was the solid stuff, the informal didn’t truly matter.

And now we live in a time where the previously informal is easy to measure.

But just because it’s measured doesn’t ... See more