{"id":1632,"date":"2005-07-31T18:12:33","date_gmt":"2005-07-31T18:12:33","guid":{"rendered":"http:\/\/zmetro.com\/?p=1632"},"modified":"2005-07-31T18:12:33","modified_gmt":"2005-07-31T18:12:33","slug":"conventional_ne","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=1632","title":{"rendered":"Posner: Conventional News Media Are Embattled"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2005\/07\/31\/books\/review\/31POSNER.html?ex=1280462400&#038;en=4f8754ed897bdb1b&#038;ei=5090&#038;partner=rssuserland&#038;emc=rss\">Richard A. Posner<\/a> (Federal Judge and blogger):<\/p>\n<blockquote><p><i>The charge by mainstream journalists that blogging lacks checks and balances is obtuse. The blogosphere has more checks and balances than the conventional media; only they are different. The model is Friedrich Hayek&#8217;s classic analysis of how the economic market pools enormous quantities of information efficiently despite its decentralized character, its lack of a master coordinator or regulator, and the very limited knowledge possessed by each of its participants.<br \/>\nIn effect, the blogosphere is a collective enterprise &#8211; not 12 million separate enterprises, but one enterprise with 12 million reporters, feature writers and editorialists, yet with almost no costs. It&#8217;s as if The Associated Press or Reuters had millions of reporters, many of them experts, all working with no salary for free newspapers that carried no advertising<\/i><\/p><\/blockquote>\n<p> Great stuff. More on <a href=\"http:\/\/clusty.com\/search?query=%22Richard+Posner%22\">Richard Posner<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Richard A. Posner (Federal Judge and blogger): The charge by mainstream journalists that blogging lacks checks and balances is obtuse. The blogosphere has more checks and balances than the conventional media; only they are different. The model is Friedrich Hayek&#8217;s classic analysis of how the economic market pools enormous quantities of information efficiently despite its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1632"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1632"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}