The violence of the market

"The violence of the market" by Victor Pickard for Journalism, 2019

"But the most glaring manifestation of the market’s destruction of journalism is the sheer loss of jobs: the newspaper industry has been reduced by more than 50% since 2001 according to the U.S. bureau of labor statistics. Creating vast ‘news deserts’(Abernathy, 2016), newspaper closures, bankruptcies, and extreme downsizing are accelerated by ‘vulture capitalists’ swooping in to profit from the scraps (Reynolds, 2018)."

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