Journalism: Valuable, Yet Can't Make Money
Adam Smith once wondered that even though water is far more critical to life than diamonds, it is diamonds that are worth so much more! Jeff Jarvis asks the modern day equivalent of that question: “If information is so much more valuable to society than entertainment, why is it so hard to build a business—namely, journalism—around selling access to information?” In contrast to movies and serials that continue to thrive. His answer is very, well, informative. The key point? “Information itself cannot and must not be owned…That is, you cannot copyright the fact that the Higgs boson was discovered at CERN in 2012, you can copyright only your treatment of that information: your cogent backgrounder or natty graphic that explains WTF a boson is. ” If you are wondering why society should not allow the information to owned by anyone, here’s why: “Society cannot find itself in a position in which information is property to be owned, for then the authoriti...