12min chapter

On the Media cover image

Fox News is Back at the White House. Plus, No Joke, The Onion Buys Infowars.

On the Media

CHAPTER

Baumol's Cost Disease and Investigative Journalism

This chapter explores Baumol's cost disease in the context of investigative journalism, highlighting how the essential labor-intensive tasks of reporting remain unchanged despite technological advancements. It emphasizes the need for financial support for quality journalism to protect democracy and discusses potential legislative measures aimed at revitalizing local newsrooms. The chapter also humorously addresses the implications of a satirical acquisition involving Infowars and The Onion, contrasting serious media narratives with comedic commentary on misinformation.

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